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Keybanc Sees Opportunity On AMD, AppFolio, AvidXchange, and Ameren

  • June 12th, 2023
  • 256 views

Advanced Micro Devices, Inc. (Nasdaq: AMD), a leading semiconductor company specializing in advanced computing and graphics technologies, saw its price target raised by KeyBanc from $110 to $150. 

With $AMD closing at $124.92 on Friday, this revised price target suggests a potential upside of $25.08 or 20.08%, as per KeyBanc's analysis.

AppFolio, Inc. (Nasdaq: APPF), a software company catering to small and mid-sized businesses, experienced an increase in its price target from KeyBanc, upping it from $155 to $190. 

Despite $APPF closing at $162.38 on Friday, the adjusted price target implies a potential upside of $27.62 or 17.01%, according to the investment firm's perspective.

AvidXchange Holdings, Inc. (Nasdaq: AVDX), a provider of accounts payable and payment automation solutions, had its price target raised by KeyBanc from $12 to $15. 

Although $AVDX closed at $10.99 on Friday, the revised price target indicates a potential upside of $4.01 or 36.49%, based on KeyBanc's assessment.

Ameren Corporation (NYSE: AEE), a utility holding company supplying electricity and natural gas services, received an upgrade from KeyBanc, shifting its rating from Sector Weight to Overweight, along with a price target of $90. 

Based on Friday's closing at $83.36, this price target implies a potential upside of $6.64 or 7.96% for $AEE, as per the investment firm's outlook.

Please note that the potential upside figures mentioned above are based on KeyBanc's views and should be interpreted as their analysis rather than a guarantee of actual market performance. It is important for investors to conduct their own thorough research, consider other factors, and exercise caution before making any investment decisions.

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

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