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Analysts’ Top Technology Picks: Advanced Micro Devices (AMD), Cirrus Logic (CRUS)

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 Cirrus Logic (CRUSResearch 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 Tuesday at $99.29.

According to TipRanks.com, Acree is a 5-star analyst with an average return of 18.7% and a 66.1% success rate. Acree covers the Technology sector, focusing on stocks such as indie Semiconductor, Skyworks Solutions, and Texas Instruments.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Advanced Micro Devices with a $123.96 average price target, a 29.5% upside from current levels. In a report issued on July 19, Wells Fargo also maintained a Buy rating on the stock with a $130.00 price target.

See the top stocks recommended by analysts >>

Cirrus Logic (CRUS)

Benchmark Co. analyst David Williams maintained a Buy rating on Cirrus Logic today and set a price target of $95.00. The company’s shares closed last Tuesday at $84.04.

According to TipRanks.com, Williams is a 5-star analyst with an average return of 15.1% and a 60.0% success rate. Williams covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Lattice Semiconductor, and Rigetti Computing.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cirrus Logic with a $99.00 average price target, implying a 19.9% upside from current levels. In a report issued on July 20, Stifel Nicolaus also maintained a Buy rating on the stock with a $100.00 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.

Read More on AMD:

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