Piper Sandler AMD

Piper Sandler Raises AMD Price Target to $300

1 min read Reproduced verbatim
Rating
Overweight
Unchanged
Target
$300
from $280 (+7%)
Outcome
Reached
on April 22, 2026
Piper Sandler and AMD logos

What the analyst said

Piper Sandler analyst Harsh Kumar raised the price target on AMD (NASDAQ: AMD) to $300.00 (from $280.00) while maintaining an Overweight rating.

“Expecting Top-Line Upside of ~$200M; Overall, we remain very enthusiastic about AMD’s prospects going into 2026 and into the March quarter guidance.

For the December 2025 quarter, we believe AMD will deliver revenue upside to the tune of $200 million, with potential to exceed that level, and EPS upside of at least $0.02 relative to the Street.

For the March quarter, we also see potential for upside, although we expect it to be relatively small given the seasonal aspects of client, gaming, and even the enterprise EPYC CPU business.

That said, we feel that the stock and fundamentals of the company will really start to shine in mid-2026 as AMD gets ready to ramp its Helios rack and its contract with OpenAI.

Additionally, between now and midyear, we expect several of OpenAI partners and other customers to come through with announcements and purchase commitments. Reiterate OW rating, raising PT to $300.”

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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 $300 target is 56% below the median, the lowest on the Street.

Since the note AMD has moved +86% (from $260). 12-month window: day 282 of 365, closes on January 26, 2027.

Track record

This call✓ Target reached on April 22, 2026, 3 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 →

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, 2026 This noteTarget raised from $280 (+7%)Buy$300
  4. November 12, 2025Kept 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

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.