Analysts have been eager to weigh in on the Technology sector with new ratings on Marchex (MCHX), Advanced Micro Devices (AMD) and Stampscom (STMP).
Marchex (MCHX)
In a report released today, Michael Latimore from Northland Securities maintained a Buy rating on Marchex, with a price target of $7. The company’s shares closed yesterday at $3.97.
Latimore said:
“We believe Marchex is expanding its lead-gen team over the next year.”
According to TipRanks.com, Latimore is a 5-star analyst with an average return of 11.1% and a 51.9% success rate. Latimore covers the Technology sector, focusing on stocks such as Super League Gaming Inc, The Meet Group Inc, and Brightcove Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Marchex with a $7.50 average price target, which is an 88.9% upside from current levels. In a report issued on July 25, Roth Capital also maintained a Buy rating on the stock with a $8 price target.
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Advanced Micro Devices (AMD)
In a report released today, Gus Richard from Northland Securities maintained a Buy rating on Advanced Micro Devices, with a price target of $36. The company’s shares closed yesterday at $29.19.
Richard observed:
“We believe AMD now has a significant performance advantage over INTC in the server market, and there is little INTC can do for at least 2 yrs. At the product launch, AMD highlighted superior performance and as much as 4x performance per dollar. Google and MSFT made guest appearances and strong design win momentum gives us confidence AMD will achieve double-digit share by mid 2020 up from 5% exiting CY19. We expect this new server family to drive GM higher and accelerate growth in CY20. Launch: AMD launched its new server process Rome (Zen2) family yesterday to a packed audience of ecosystem partners, press, customers and financial analysts. The presentation highlighted world leading performance and lower total cost of ownership up and down the stack with 2.3x to 4x better performance per dollar than Intel’s recently introduced Cascade Lake.”
According to TipRanks.com, Richard is a 5-star analyst with an average return of 21.1% and a 63.1% success rate. Richard covers the Consumer Goods sector, focusing on stocks such as Adesto Technologies Corp, SolarEdge Technologies, and Akoustis Technologies.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Advanced Micro Devices with a $33.94 average price target, implying a 16.3% upside from current levels. In a report issued on July 24, Wedbush also maintained a Buy rating on the stock with a $39 price target.
Stampscom (STMP)
In a report released today, Tim Klasell from Northland Securities maintained a Hold rating on Stampscom, with a price target of $80. The company’s shares closed yesterday at $46.27, close to its 52-week low of $32.54.
Klasell noted:
“We remain on the sidelines until we have a clearer picture of the economics of the business going forward.”
According to TipRanks.com, Klasell is a 5-star analyst with an average return of 16.5% and a 65.3% success rate. Klasell covers the Technology sector, focusing on stocks such as ServiceSource International Inc, Tyler Technologies, and Zix Corporation.
The word on The Street in general, suggests a Hold analyst consensus rating for Stampscom with a $52 average price target, representing a 12.4% upside. In a report issued on August 2, B.Riley FBR also maintained a Hold rating on the stock with a $45 price target.
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