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Analysts’ Opinions Are Mixed on These Technology Stocks: Arista Networks (ANET), Qorvo (QRVO) and Advanced Micro Devices (AMD)

Tipranks - Wed May 6, 11:56PM CDT

Analysts have been eager to weigh in on the Technology sector with new ratings on Arista Networks (ANET), Qorvo (QRVO) and Advanced Micro Devices (AMD).

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Arista Networks (ANET)

In a report released today, Sean O’Loughlin from TD Cowen maintained a Buy rating on Arista Networks, with a price target of $200.00. The company’s shares closed last Tuesday at $170.22.

According to TipRanks.com, O’Loughlin is a 4-star analyst with an average return of 44.8% and a 92.9% success rate. O’Loughlin covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, Astera Labs, Inc., and Lumentum Holdings. ;'>

Currently, the analyst consensus on Arista Networks is a Strong Buy with an average price target of $184.36, representing a 4.2% upside. In a report issued on April 30, Bank of America Securities also maintained a Buy rating on the stock.

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Qorvo (QRVO)

Oppenheimer analyst Rick Schafer maintained a Hold rating on Qorvo yesterday and set a price target of $96.00. The company’s shares closed last Tuesday at $96.35.

According to TipRanks.com, Schafer is a top 25 analyst with an average return of 31.4% and a 75.0% success rate. Schafer covers the Technology sector, focusing on stocks such as Advanced Micro Devices, NXP Semiconductors, and Skyworks Solutions. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Qorvo with a $84.40 average price target, implying a -8.7% downside from current levels. In a report issued on May 3, TipRanks – DeepSeek also downgraded the stock to Hold with a $102.00 price target.

Advanced Micro Devices (AMD)

In a report released today, Blayne Curtis from Jefferies maintained a Buy rating on Advanced Micro Devices, with a price target of $415.00. The company’s shares closed last Tuesday at $355.26.

According to TipRanks.com, Curtis is a top 100 analyst with an average return of 36.3% and a 68.2% success rate. Curtis covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, Navitas Semiconductor, and Lattice Semiconductor. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Advanced Micro Devices with a $334.83 average price target, a -4.7% downside from current levels. In a report issued on April 24, D.A. Davidson also upgraded the stock to Buy with a $375.00 price target.

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