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Piper Sandler Raises Price Target on AMD (AMD) to $240 After Landmark OpenAI Deal
Yahoo Finance· 2025-10-13 03:57
Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the AI Stocks on the Market’s Radar. On October 7, Piper Sandler analyst Harsh Kumar raised the firm’s price target on the stock to $240 from $190 and kept an Overweight rating on the shares. The price target raise follows the landmark deal between AMD and OpenAI, signifiying a 6-gigawatt agreement to power OpenAI’s AI infrastructure with AMD’s Instinct GPUs. OpenAI will be receiving 160M warrants for the stock in exchange as specific milestones are ach ...