Piper Sandler AMD

Piper Sandler Reiterates Overweight on AMD, $300 Price Target

1 min read Reproduced verbatim
Rating
Overweight
Unchanged
Target
$300
Outcome
Reached
on April 22, 2026
Piper Sandler and AMD logos

What the analyst said

Piper Sandler analyst Harsh Kumar reiterated an Overweight rating and $300.00 price target on AMD (NASDAQ: AMD).

“AMD reported an exceptionally strong December quarter alongside a very good March quarter guidance.

The company beat Q4 expectations by roughly $600 million and guided March quarter revenue more than $380 million above consensus.

AMD is seeing very strong acceleration in multiple aspects of its business namely, Server CPU, data center GPUs, Client, and Embedded.

Furthermore, to the course of full year 2026, we expect GPUs, server CPUs, Client, and Embedded to all grow double-digits.

More specifically, we expect data center to grow in the 62% range y/y in 2026 and 66% y/y in 2027 largely driven by the OpenAI deal.

Management noted that there are additional multi-GW deals, some public and some non-public, that could potentially contribute in 2H26. As such, we feel our numbers could prove to be conservative.

We reiterate our OW rating and maintain our $300 PT.”

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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 +100% (from $242). 12-month window: day 273 of 365, closes on February 4, 2027.

Track record

This call✓ Target reached on April 22, 2026, 3 months after the note. Same target as this firm’s January 26, 2026 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 →

Earnings reactionOne of 17 notes after AMD’s Feb 3 results: 5 raised · 4 cut · 8 kept. See every call →

Piper Sandler on AMD

Piper Sandler price targets on AMD

8 calls from October 7, 2025 to September 15, 2026. The target went from $240 to $600 (+150%). The rating stayed Buy.

Piper Sandler targetAMD share price
  1. September 15, 2026Kept the $600 targetBuy$600
  2. September 10, 2026Target raised from $300 (+100%)Buy$600
  3. February 4, 2026 This noteKept the $300 targetBuy$300
  4. February 4, 2026Kept the $300 targetBuy$300
  5. January 26, 2026Target raised from $280 (+7%)Buy$300
  6. November 12, 2025Kept the $280 targetBuy$280
  7. November 5, 2025Target raised from $240 (+17%)Buy$280
  8. October 7, 2025Earliest call shownBuy$240
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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.