Analysts Offer Insights on Technology Companies: Advanced Micro Devices (NASDAQ: AMD) and Square Inc (NYSE: SQ)

By Jason Carr

Analysts fell to the sidelines weighing in on Advanced Micro Devices (NASDAQ: AMD) and Square Inc (NYSE: SQ) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

Advanced Micro Devices (NASDAQ: AMD)

Advanced Micro Devices (NASDAQ: AMD) received a Hold rating from Loop Capital Markets analyst Betsy Van Hees today. The company’s shares closed yesterday at $12.75.

According to TipRanks.com, Hees is a 5-star analyst with an average return of 22.7% and a 66.7% success rate. Hees covers the Technology sector, focusing on stocks such as Integrated Device Tech, Texas Instruments, and Maxim Integrated.

Currently, the analyst consensus on Advanced Micro Devices is Hold and the average price target is $12.62, representing a -1.0% downside.

In a report issued on May 2, Stifel Nicolaus also reiterated a Hold rating on the stock with a $11 price target.
Square Inc (NYSE: SQ)

In a report released today, Mark Palmer from BTIG downgraded Square Inc (NYSE: SQ) to Hold. The company’s shares closed yesterday at $20.34, close to its 52-week high of $20.69.

According to TipRanks.com, Palmer is a 4-star analyst with an average return of 2.5% and a 49.7% success rate. Palmer covers the Financial sector, focusing on stocks such as Santander Consumer USA, Assured Guaranty Ltd, and Synchrony Financial.

Currently, the analyst consensus on Square Inc is Moderate Buy and the average price target is $20.56, representing a 1.1% upside.

In a report issued on May 3, Canaccord Genuity also reiterated a Hold rating on the stock with a $18 price target.

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