AMD price target lowered to $200 from $205 at UBS

UBS lowered the firm’s price target on AMD to $200 from $205 and keeps a Buy rating on the shares. AMD reported and guided in-line, slightly raised its full year data center GPU guidance, and messaged that the GPU ramp is as expected or a little better than expected, the analyst tells investors in a research note. UBS advises investors to not get caught up in the “noise” and views the pullback as an attractive buying opportunity as AMD marches toward $6.50 in EPS next year with the potential for much higher in 2026.