Piper Sandler initiated coverage on Advanced Micro Devices (AMD). The firm assigned an "Overweight" rating. It set a price target of $600.00. Piper Sandler based its positive outlook on accelerating AI computing demand. The firm also cited AMD's growing market share in the CPU server segment.
Analyst David O'Connor highlighted AMD's potential in the GPU market. He noted major deals with Meta, OpenAI, and Anthropic. These deals serve as significant long-term growth drivers. Piper Sandler projects AMD's revenues to grow at a 50% compound annual rate. This growth is projected from fiscal 2026 through 2030.