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Analysts’ Top Technology Picks: Advanced Micro Devices (AMD), Argo Blockchain (ARBK)

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 Argo Blockchain (ARBKResearch Report) with bullish sentiments.

Advanced Micro Devices (AMD)

Jefferies analyst Mark Lipacis reiterated a Buy rating on Advanced Micro Devices today and set a price target of $147.00. The company’s shares closed last Thursday at $98.80.

According to TipRanks.com, Lipacis is a top 25 analyst with an average return of 29.0% and a 68.3% success rate. Lipacis covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Smart Global Holdings, and NXP Semiconductors.

Currently, the analyst consensus on Advanced Micro Devices is a Moderate Buy with an average price target of $138.10, representing a 36.0% upside. In a report released today, Mizuho Securities also reiterated a Buy rating on the stock with a $145.00 price target.

See the top stocks recommended by analysts >>

Argo Blockchain (ARBK)

In a report released today, Darren Aftahi from Roth Capital maintained a Buy rating on Argo Blockchain, with a price target of $13.00. The company’s shares closed last Thursday at $6.02, close to its 52-week low of $5.39.

According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 16.1% and a 36.5% success rate. Aftahi covers the Technology sector, focusing on stocks such as Fathom Holdings, Digital Turbine, and Phunware.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Argo Blockchain with a $13.20 average price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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