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Analysts Have Conflicting Sentiments on These Technology Companies: Salesforce (CRM) and Advanced Micro Devices (AMD)

Tipranks - Tipranks - Wed Jun 17, 4:44AM CDT

Analysts have been eager to weigh in on the Technology sector with new ratings on Salesforce (CRM) and Advanced Micro Devices (AMD).

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Salesforce (CRM)

Wells Fargo analyst Michael Turrin maintained a Hold rating on Salesforce yesterday and set a price target of $200.00. The company’s shares closed last Monday at $164.55.

According to TipRanks.com, Turrin has 0 stars on 0-5 stars ranking scale with an average return of -3.9% and a 41.8% success rate. Turrin covers the Technology sector, focusing on stocks such as Via Transportation, Inc. Class A, ServiceTitan, Inc. Class A, and CrowdStrike Holdings. ;'>

Salesforce has an analyst consensus of Moderate Buy, with a price target consensus of $247.79, representing a 49.2% upside. In a report issued on June 4, RBC Capital also maintained a Hold rating on the stock with a $210.00 price target.

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Advanced Micro Devices (AMD)

Wells Fargo analyst Aaron Rakers reiterated a Buy rating on Advanced Micro Devices yesterday and set a price target of $505.00. The company’s shares closed last Monday at $547.26.

According to TipRanks.com, Rakers is a top 25 analyst with an average return of 60.2% and a 73.8% success rate. Rakers covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Keysight Technologies, and Dell Technologies. ;'>

Advanced Micro Devices has an analyst consensus of Strong Buy, with a price target consensus of $489.00, a -8.7% downside from current levels. In a report released yesterday, Citi also upgraded the stock to Buy with a $575.00 price target.

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