Analysts are Upgrading These 5 Tech Stocks

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1. Advanced Micro Devices, Inc. (NASDAQ:AMD)

Number of Hedge Fund Holders: 89

Two analysts turned bullish on Advanced Micro Devices, Inc. (NASDAQ:AMD) last week. Baird analyst Tristan Gerra upgraded the semiconductor giant from “Neutral” to “Outperform,” citing confidence around its new line of CPUs, dubbed Genoa.

Gerra believes Genoa chips will help Advanced Micro Devices, Inc. (NASDAQ:AMD) accelerate its market share gains in the coming quarters. He also raised his price target for AMD stock from $65 per share to $100 per share.

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Separately, UBS analyst Timothy Arcuri also upgraded Advanced Micro Devices, Inc. (NASDAQ:AMD) from “Neutral” to “Buy” and lifted his price target for the stock from $75 per share to $95 per share. The analyst was primarily moved by improving CPU shipments that he believes could make up for the weakness in PC chips.

You can also take a peek at 10 Best Robotics Stocks Under $10 and 12 Best Consumer Staple Stocks.

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