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Analysts Offer Insights on Technology Companies: Advanced Micro Devices (AMD), Sequans Communications S A (SQNS) and Lyft (LYFT)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Advanced Micro Devices (AMDResearch Report), Sequans Communications S A (SQNSResearch Report) and Lyft (LYFTResearch Report) with bullish sentiments.

Advanced Micro Devices (AMD)

Mizuho Securities analyst Vijay Rakesh reiterated a Buy rating on Advanced Micro Devices yesterday and set a price target of $145.00. The company’s shares closed last Tuesday at $91.13.

According to TipRanks.com, Rakesh is a top 100 analyst with an average return of 23.7% and a 61.5% success rate. Rakesh covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, Allegro MicroSystems, and NXP Semiconductors.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Advanced Micro Devices with a $144.08 average price target, implying a 60.4% upside from current levels. In a report issued on April 20, Daiwa also reiterated a Buy rating on the stock.

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

Sequans Communications S A (SQNS)

The company’s shares closed last Tuesday at $2.75, close to its 52-week low of $2.28.

According to TipRanks.com, Gerra is a 5-star analyst with an average return of 12.1% and a 54.2% success rate. Gerra covers the Technology sector, focusing on stocks such as Rockley Photonics Holdings, Lattice Semiconductor, and GlobalFoundries Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Sequans Communications S A with a $9.50 average price target, a 265.4% upside from current levels. In a report issued on May 2, Roth Capital also reiterated a Buy rating on the stock with a $13.00 price target.

Lyft (LYFT)

Wedbush analyst Ygal Arounian maintained a Buy rating on Lyft yesterday and set a price target of $32.00. The company’s shares closed last Tuesday at $30.76, close to its 52-week low of $29.93.

According to TipRanks.com, Arounian is a 4-star analyst with an average return of 12.7% and a 45.0% success rate. Arounian covers the Technology sector, focusing on stocks such as Opendoor Technologies, Zillow Group Class C, and Uber Technologies.

Lyft has an analyst consensus of Moderate Buy, with a price target consensus of $55.38, representing a 76.4% upside. In a report issued on May 2, Evercore ISI also maintained a Buy rating on the stock with a $60.00 price target.

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