Recent Analyst Estimates Update for Leading Chip Companies
TNGX, AMD, and Microchip Technology (MCHP) saw price target adjustments from various analysts. TNGX was downgraded but received a price target raise by Jefferies, while AMD saw three separate increases by Jefferies, Bank of America, and Mizuho. Microchip Technology had its price target increased by 29.69%.
Jefferies recently downgraded TNGX but increased its price target to $27. Concurrently, TNGX received a price target of $30 from Mizuho.
In the semiconductor space, Advanced Micro Devices (AMD) experienced significant analyst support, with three major firms adjusting their price targets upwards. Jefferies increased its target by $110 and Bank of America joined in with its own revised target. Microchip Technology, a peer in the chip industry, saw its price target rise 29.69% to $115.23.
These updates reflect the rapidly evolving chip sector and the expectations of Wall Street analysts for companies like TNGX and AMD. It remains to be seen how these adjustments impact the companies' market performance in the coming quarters.
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