Loop Capital has upheld its Buy rating on Advanced Micro Devices and maintained a $310.00 price target following AMD’s fourth-quarter 2025 financial results and the company’s guidance for the first quarter of 2026. The firm’s valuation approach assumes AMD shares will trade at roughly 29.0x its revised fiscal year 2027 earnings per share estimate.
That $310.00 target sits within a broader analyst consensus that continues to favor the stock. The analyst community’s consensus recommendation is 1.55, indicating a Buy, with published price targets spanning from $210 to $380.
Market metrics cited by Loop Capital underscore the disparity between current market sentiment and the firm’s valuation assumptions. At present, AMD is trading at a reported price-to-earnings ratio of 126.66 and carries an implied market capitalization of $394 billion, figures that reflect investor expectations for ongoing growth.
Loop Capital highlighted AMD’s ongoing share gains versus Intel, noting strength not only in server products but also in personal computer markets. The firm pointed to AMD’s momentum in artificial intelligence initiatives as a component of its competitive positioning, specifically referencing software and systems capabilities that incorporate Instinct MI355 GPUs in the second half of fiscal year 2025 and MI400 Helios in the second half of fiscal year 2026.
The firm addressed product timing questions, stating that AMD’s Helios and MI450 product launches remain on schedule for the second half of fiscal year 2026. Loop Capital also noted that AMD’s sales into China have begun to tick up modestly, while clarifying that the MI325 product is currently excluded from those Chinese shipments as AMD pursues an export license for that unit.
AMD’s reported fourth-quarter results provided the backdrop for the flurry of analyst reactions. The company delivered revenue of $10.3 billion and an adjusted gross margin of 57.0%, with adjusted earnings per share of $1.53. These figures topped the consensus figures cited in analyst estimates, which included expectations of $9.7 billion in revenue, a 54.5% gross margin, and adjusted EPS of $1.32.
Following the release, multiple brokerages adjusted their price targets and ratings. Truist Securities raised its price target on AMD to $283.00, citing the company’s strong quarter and favorable guidance for the first quarter. Stifel reaffirmed a Buy rating and kept a $280.00 price target, while Piper Sandler maintained an Overweight rating with a $300.00 target, each pointing to the quarterly performance as the basis for their positions.
Bernstein also increased its price target to $235.00, highlighting what it characterized as solid server trends and gains in client share. In contrast, Goldman Sachs preserved a Neutral rating with a $210.00 price target, flagging higher-than-expected operating expenses as a potential offset to the strength reported in the Datacenter segment.
These varied responses capture a mixture of optimism and caution among sell-side analysts. While the consensus reaction recognizes AMD’s recent financial outperformance and strategic positioning in servers and AI-related systems, some firms are weighing cost dynamics and near-term expense trajectories when forming their ratings and targets.
Overall, Loop Capital’s reiterated Buy and $310.00 target align with a broader market view that favors AMD after a quarter that exceeded expectations, even as differences in target levels and ratings among brokerages reflect differing judgments about margins, expenses and product cadence.