Piper Sandler AMD

Piper Sandler Raises AMD Price Target to $280

Analyst: Harsh Kumar 1 min read Reproduced verbatim
Rating
Overweight
Target
$280
from $240 (+17%)
Outcome
Reached
on April 21, 2026
Piper Sandler and AMD logos

What the analyst said

Piper Sandler analyst Harsh Kumar raised the price target on AMD (NASDAQ: AMD) to $280 (from $240) while maintaining an Overweight rating.

“AMD reported a solid quarter, beating across all metrics and importantly in the data center line item. The DC business grew 22% Y/Y, growing both for MI and EPYC servers sequentially and Y/Y.

Looking ahead to the December quarter, AMD guided above consensus by roughly $400 million on the top line. Once again, both EPYC and instinct series are expected to be strong on a sequential basis.

Currently, the GPU server business is smaller than the EPYC server business, but we expect a crossover in late 2026 with the OpenAI deal in 4Q26.

Management noted that EPYC servers are expected to do extremely well as inference is driving strong growth.

Overall, we are impressed by the results and continue to believe that AMD will make progress in DC through 2026.

Reiterate OW rating, raise our PT to $280 due to GPU growth prospects and potential OpenAI revenues down the line.”

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This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

AMD trades at $484. The 25 analysts who set a target in the last 3 months range from $510 to $1,250, with a median of $675. This $280 target is 59% below the median, the lowest on the Street.

Since the note AMD has moved +94% (from $250). 12-month window: day 364 of 365, closes on November 5, 2026.

Track record

This call✓ Target reached on April 21, 2026, 5 months after the note.

Firm track recordPiper Sandler: 78% of its 37 targets at least a year old were reached within 12 months (#15 of 26 firms); on AMD, 3 of 3. Accuracy ranking →

Earnings reactionOne of 15 notes after AMD’s Nov 4 results: 12 raised · 0 cut · 2 kept. See every call →

Piper Sandler on AMD

Piper Sandler price targets on AMD

8 calls from February 5, 2025 to February 4, 2026. The target went from $140 to $300 (+114%). The rating stayed Buy.

Piper Sandler targetAMD share price
  1. February 4, 2026Kept the $300 targetBuy$300
  2. February 4, 2026Kept the $300 targetBuy$300
  3. January 26, 2026Target raised from $280 (+7%)Buy$300
  4. November 12, 2025Kept the $280 targetBuy$280
  5. November 5, 2025 This noteTarget raised from $240 (+17%)Buy$280
  6. October 7, 2025Target raised from $140 (+71%)Buy$240
  7. June 16, 2025Kept the $140 targetBuy$140
  8. February 5, 2025Earliest call shownBuy$140
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Other analysts on AMD

JP MorganHold Raised price target +5%, kept rating Nov 4 $575from $550 UBSBuy Cut price target −4%, kept rating Nov 4 $700from $730 Melius ResearchBuy Raised price target +8%, kept rating Nov 4 $650from $600 SusquehannaBuy Kept rating and price target Nov 4 $650maintained William BlairHold Kept rating Nov 4
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.