Analysts Offer Insights on Technology Companies: Advanced Micro Devices (AMD), Cognex (CGNX) and Paycom (PAYC)

Analysts have been eager to weigh in on the Technology sector with new ratings on Advanced Micro Devices (AMD – Research Report), Cognex (CGNX – Research Report) and Paycom (PAYC – Research Report).

Advanced Micro Devices (AMD)

In a report released today, John Vinh from KeyBanc maintained a Buy rating on Advanced Micro Devices. The company’s shares closed last Tuesday at $98.50.

According to TipRanks.com, Vinh is a 5-star analyst with an average return of 11.7% and a 53.8% success rate. Vinh covers the Technology sector, focusing on stocks such as Lattice Semiconductor, ARM Holdings PLC ADR, and indie Semiconductor.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Advanced Micro Devices with a $133.75 average price target, a 39.0% upside from current levels. In a report issued on October 20, UBS also maintained a Buy rating on the stock with a $145.00 price target.

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Cognex (CGNX)

KeyBanc analyst Kenneth Newman maintained a Hold rating on Cognex today. The company’s shares closed last Tuesday at $35.99, close to its 52-week low of $34.32.

According to TipRanks.com, Newman is a 4-star analyst with an average return of 10.6% and a 60.5% success rate. Newman covers the Industrial Goods sector, focusing on stocks such as Distribution Solutions Group, Emerson Electric Company, and Wesco International.

Currently, the analyst consensus on Cognex is a Hold with an average price target of $48.50.

Paycom (PAYC)

In a report released today, Jason Celino from KeyBanc downgraded Paycom to Hold. The company’s shares closed last Tuesday at $244.97, close to its 52-week low of $236.87.

According to TipRanks.com, Celino is a 4-star analyst with an average return of 6.9% and a 52.9% success rate. Celino covers the Technology sector, focusing on stocks such as HireRight Holdings Corp, Aspen Technology, Inc., and Procore Technologies.

Paycom has an analyst consensus of Moderate Buy, with a price target consensus of $354.55, which is a 46.7% upside from current levels. In a report released today, TD Cowen also downgraded the stock to Hold with a $202.00 price target.

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Read More on AMD:

• Advanced Micro Devices (NASDAQ:AMD) Slides After Q3 Report on Soft Outlook
• AMD Reports Third Quarter 2023 Financial Results
• Advanced Micro Devices options imply 6.8% move in share price post-earnings
• AMD Stock Keeps Its Street-High Price Target Ahead of Earnings
• Options Volatility and Implied Earnings Moves Today, October 31, 2023