Piper Sandler AMD

Piper Sandler Maintains Overweight on AMD, $280 Price Target

Analyst: Harsh Kumar 1 min read Reproduced verbatim
Rating
Overweight
Unchanged
Target
$280
Outcome
Reached
on April 21, 2026
Piper Sandler and AMD logos

What the analyst said

Piper Sandler analyst Harsh Kumar reiterated an Overweight rating and $280 price target on AMD (NASDAQ: AMD).

“We attended AMD’s analyst day yesterday in NYC, where the company presented a new model based on a $1T silicon TAM by 2030, representing a 40% CAGR versus its prior $500B target by 2028.

We came away impressed by management’s line of sight toward a $20 EPS by 2030, which likely includes revenue from the OpenAI partnership.

AMD also projected an 80%+ data center AI revenue CAGR over the next 3-5 years, with near-term growth expected to exceed that pace.

We were also positive on the near-complete solution being brought to the table with the Helios rack.

While AMD will not sell the rack solution itself, we note they will implement most of the key components within the rack including GPU, CPU, networking, and DPU.

Overall, we are very pleased with the presented roadmap, and are optimistic on the company’s outlook.”

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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 $424. The 30 analysts who set a target in the last 3 months range from $540 to $1,250, with a median of $650. This $280 target is 57% below the median, the lowest on the Street.

Since the note AMD has moved +79% (from $238). 12-month window: day 358 of 365, closes on November 12, 2026.

Track record

This call✓ Target reached on April 21, 2026, 5 months after the note. Same target as this firm’s November 5, 2025 note, so it is scored there.

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 →

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, 2025 This noteKept the $280 targetBuy$280
  5. November 5, 2025Target 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

HSBCHold Raised price target +8%, kept rating Nov 5 $540from $500 StoneXBuy Kept rating and price target Nov 4 $685maintained DA DavidsonBuy Raised price target +9%, kept rating Nov 4 $600from $550 TD CowenBuy Kept rating and price target Nov 4 $675maintained RBC CapitalHold Kept rating and price target Nov 4 $540maintained
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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.