Loop Capital Raises AMD Price Target to $410

Loop Capital analyst Gary Mobley raised the price target on AMD (NASDAQ: AMD) to $410.00 (from $310.00) while maintaining a Buy rating.

“Following better-than-expected 1H FY26 results/guide, we reiterate our Buy rating.

We are raising our PT from $310 to $410 (assumes shares trade at ~27.0x our FY28 EPS estimate, or <20.0x the new 2030 EPS target with the higher assumed growth for the server CPU TAM).

The incremental takeaways from AMD’s results/guide include: 1) AMD continues to take market share from INTC at a rapid rate (in PCs, but especially in servers); 2) AMD’s is gaining momentum with its AI strategy, supporting GPU software & systems capabilities (inclusive of Instinct MI400 Helios in 2H FY26); 3) Helios and MI450 are on target for 2H FY26; and 4) AMD now sees its server CPU TAM twice as large as presented at the company’s Nov 2025 analyst day (from $60B to $120B).”

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