AMD price target raised to $140 from $125 at Piper Sandler

Piper Sandler raised the firm’s price target on AMD (AMD) to $140 from $125 and keeps an Overweight rating on the shares. AMD caught up with the financial community on Friday with its quarterly pre-quarter close call. Overall, the firm is enthused with the product launches at the AMD event this week, specifically the Helios rack, which it thinks is pivotal for AMD Instinct growth. Piper does expect a snapback for GPU business in the Q4 2025 quarter when most of the China related charges are through. The firm also notes that the largest of the business units, namely client is starting to see some pull-ins.