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Advanced Micro Devices (AMD) Received its Third Buy in a Row

After Susquehanna and Bernstein gave Advanced Micro Devices (NASDAQ: AMD) a Buy rating last month, the company received another Buy, this time from Goldman Sachs. Analyst Toshiya Hari maintained a Buy rating on Advanced Micro Devices today and set a price target of $112.00. The company’s shares closed last Thursday at $103.40.

According to TipRanks.com, Hari is a 5-star analyst with an average return of 19.0% and a 62.8% success rate. Hari covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, NXP Semiconductors, and Skyworks Solutions.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Advanced Micro Devices with a $123.50 average price target, a 26.7% upside from current levels. In a report released yesterday, Northland Securities also maintained a Buy rating on the stock with a $105.00 price target.

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The company has a one-year high of $164.46 and a one-year low of $71.60. Currently, Advanced Micro Devices has an average volume of 106.1M.

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Founded in 1969, California-based Advanced Micro Devices, Inc. is America’s leading semiconductor company. The Computing and Graphics segment includes desktop and notebook processors and chipsets, discrete and integrated graphics processing units, data center and professional GPUs and development services. The Enterprise, Embedded and Semi-Custom segment includes server and embedded processors, semi-custom System-on-Chip products, development services and technology for game consoles.

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