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Analysts Offer Insights on Technology Companies: Advanced Micro Devices (AMD), Automatic Data Processing (ADP) and BlackLine (BL)

Tipranks - Tipranks - Thu Aug 6, 8:22AM CDT

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Advanced Micro Devices (AMD), Automatic Data Processing (ADP) and BlackLine (BL).

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Advanced Micro Devices (AMD)

In a report released today, Gus Richard from Northland Securities maintained a Hold rating on Advanced Micro Devices. The company’s shares closed last Tuesday at $518.58.

According to TipRanks.com, Richard is a 5-star analyst with an average return of 24.5% and a 57.7% success rate. Richard covers the Technology sector, focusing on stocks such as SolarEdge Technologies, Power Integrations, and Astera Labs, Inc. ;'>

Advanced Micro Devices has an analyst consensus of Strong Buy, with a price target consensus of $623.72, representing a 23.8% upside. In a report issued on July 22, William Blair also maintained a Hold rating on the stock.

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Automatic Data Processing (ADP)

In a report released yesterday, Ramsey El Assal from Cantor Fitzgerald maintained a Buy rating on Automatic Data Processing, with a price target of $310.00. The company’s shares closed last Tuesday at $270.62.

According to TipRanks.com, Assal is a 1-star analyst with an average return of -1.8% and a 48.6% success rate. Assal covers the Technology sector, focusing on stocks such as Fidelity National Info, Remitly Global, and Corpay Inc. ;'>

Currently, the analyst consensus on Automatic Data Processing is a Hold with an average price target of $284.31, representing a 7.5% upside. In a report issued on July 29, TipRanks – Anthropic also upgraded the stock to Buy with a $293.00 price target.

BlackLine (BL)

In a report released yesterday, Matthew VanVliet from Cantor Fitzgerald reiterated a Hold rating on BlackLine, with a price target of $36.00. The company’s shares closed last Tuesday at $33.12.

According to TipRanks.com, VanVliet is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -5.4% and a 40.8% success rate. VanVliet covers the Technology sector, focusing on stocks such as Klaviyo, Inc. Class A, Tyler Technologies, and SPS Commerce. ;'>

Currently, the analyst consensus on BlackLine is a Hold with an average price target of $37.11, which is a 13.4% upside from current levels. In a report issued on July 21, Morgan Stanley also downgraded the stock to Hold with a $33.00 price target.

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