PPiper Sandler AAMD · AMD
Piper Sandler Initiates AMD at Overweight, $600 PT
Rating
Buy
Price target
$600
Previous
—
Implied upside
+15%
Piper Sandler analyst David O’Connor initiates coverage on AMD (NASDAQ: AMD) with a Overweight rating and a price target of $600.
“Agentic AI is driving an acceleration in demand for CPU Server chips, where AMD is among the primary beneficiaries and taking share.
While in GPUs, the company is ramping Helios and has signed anchor clients in OpenAI, Meta, Anthropic.
We estimate FY26-30 revenues growing at a 50% CAGR and EPS at a 65% CAGR to $53 earnings power in 2030. Setting PT to $600 based on FY28E P/E multiple of 24x.”
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The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.
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