KeyBanc Raises AMD Price Target to $300

KeyBanc analyst John Vinh raised the price target on AMD (NASDAQ: AMD) to $300.00 (from $270.00) while maintaining a Overweight rating.

“AMD posted strong 4Q results and 1Q guidance. Upside in the quarter and the guide was mostly driven by strong Data Center results, which in 4Q grew +24% q/q and +39% y/y and also Client.

4Q/1Q includes $390M and $100M in MI308 sales to China, but is not expected to reoccur moving forward.

1Q guidance has Data Center up q/q vs. seasonal -HSD q/q, while other segments are expected to be down q/q.

Finally, MI450/Helios is reiterated to be on track to start ramping in 3Q26, with significant volume in 4Q26.

We’re encouraged by these results and are updating ests and increasing our PT to $300.”

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