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Analysts Offer Insights on Technology Companies: Advanced Micro Devices (AMD) and Rigetti Computing (RGTI)

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Advanced Micro Devices (AMDResearch Report) and Rigetti Computing (RGTIResearch Report) with bullish sentiments.

Advanced Micro Devices (AMD)

Benchmark Co. analyst Cody Acree reiterated a Buy rating on Advanced Micro Devices today and set a price target of $135.00. The company’s shares closed last Thursday at $98.80.

According to TipRanks.com, Acree is a 5-star analyst with an average return of 18.9% and a 66.2% success rate. Acree covers the Technology sector, focusing on stocks such as Silicon Laboratories, indie Semiconductor, and Skyworks Solutions.

Advanced Micro Devices has an analyst consensus of Moderate Buy, with a price target consensus of $138.10, which is a 36.0% upside from current levels. In a report released yesterday, Rosenblatt Securities also maintained a Buy rating on the stock with a $200.00 price target.

See today’s best-performing stocks on TipRanks >>

Rigetti Computing (RGTI)

In a report released today, David Williams from Benchmark Co. reiterated a Buy rating on Rigetti Computing, with a price target of $12.00. The company’s shares closed last Thursday at $5.86, close to its 52-week low of $5.41.

According to TipRanks.com, Williams is a 5-star analyst with an average return of 16.4% and a 58.4% success rate. Williams covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Lattice Semiconductor, and indie Semiconductor.

Currently, the analyst consensus on Rigetti Computing is a Strong Buy with an average price target of $11.50, a 74.5% upside from current levels. In a report issued on May 27, Cowen & Co. also initiated coverage with a Buy rating on the stock.

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