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

After Bernstein and Susquehanna gave Advanced Micro Devices (NASDAQ: AMD) a Buy rating last month, the company received another Buy, this time from Mizuho Securities. Analyst Vijay Rakesh reiterated a Buy rating on Advanced Micro Devices yesterday and set a price target of $140.00. The company’s shares closed last Tuesday at $99.29.

According to TipRanks.com, Rakesh is a top 100 analyst with an average return of 23.0% and a 61.7% success rate. Rakesh covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, Allegro MicroSystems, and NXP Semiconductors.

Advanced Micro Devices has an analyst consensus of Moderate Buy, with a price target consensus of $126.91, representing a 32.6% upside. In a report issued on July 19, Wells Fargo also maintained a Buy rating on the stock with a $130.00 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 105.7M.

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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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