There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Advanced Micro Devices (AMD – Research Report) and Rigetti Computing (RGTI – Research 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
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.
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
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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