AMD price target lowered to $310 from $330 at UBS

UBS lowered the firm’s price target on AMD (AMD) to $310 from $330 and keeps a Buy rating on the shares. AMD has outperformed peers like Nvidia (NVDA) and Broadcom (AVGO) this year, supported by expectations of server strength, though near-term EPS upside is limited due to a $1B gaming business cut, the analyst tells investors in a research note. CPU and GPU fundamentals remain positive, with a clear path to over $11 EPS in 2027 and more than $15 in 2028, suggesting the stock could benefit from significant operating and EPS leverage in the latter part of the decade, UBS says.