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Analysts Are Bullish on Top Technology Stocks: Advanced Micro Devices (AMD), Digi International (DGII)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Advanced Micro Devices (AMDResearch Report), Digi International (DGIIResearch Report) and Meta Platforms (FBResearch Report) with bullish sentiments.

Advanced Micro Devices (AMD)

Wells Fargo analyst Aaron Rakers maintained a Buy rating on Advanced Micro Devices on February 1 and set a price target of $180.00. The company’s shares closed last Wednesday at $122.76.

According to TipRanks.com, Rakers is a top 100 analyst with an average return of 27.6% and a 72.1% success rate. Rakers covers the Technology sector, focusing on stocks such as Dell Technologies, Cisco Systems, and Pure Storage.

Currently, the analyst consensus on Advanced Micro Devices is a Moderate Buy with an average price target of $157.74, which is a 21.4% upside from current levels. In a report issued on January 24, KeyBanc also upgraded the stock to Buy with a $155.00 price target.

See the top stocks recommended by analysts >>

Digi International (DGII)

In a report released today, Derek Soderberg from Colliers Securities reiterated a Buy rating on Digi International, with a price target of $28.50. The company’s shares closed last Wednesday at $22.17.

According to TipRanks.com, Soderberg is a 1-star analyst with an average return of -2.1% and a 40.2% success rate. Soderberg covers the Technology sector, focusing on stocks such as Enthusiast Gaming Holdings, Sierra Wireless, and Axon Enterprise.

Digi International has an analyst consensus of Strong Buy, with a price target consensus of $30.50, which is a 37.1% upside from current levels. In a report released today, Canaccord Genuity also maintained a Buy rating on the stock with a $30.00 price target.

Meta Platforms (FB)

Rosenblatt Securities analyst Mark Zgutowicz reiterated a Buy rating on Meta Platforms today and set a price target of $300.00. The company’s shares closed last Wednesday at $323.00.

According to TipRanks.com, Zgutowicz is a 5-star analyst with an average return of 42.0% and a 61.9% success rate. Zgutowicz covers the Technology sector, focusing on stocks such as Spotify Technology SA, Manhattan Associates, and Pinterest.

Currently, the analyst consensus on Meta Platforms is a Strong Buy with an average price target of $334.88, which is a 2.2% upside from current levels. In a report issued on January 25, BMO Capital also maintained a Buy rating on the stock with a $425.00 price target.

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Read More on AMD:

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