BNP Paribas Raises AMD Price Target 60% to Street-High $960 on AI Platform Expansion

BNP Paribas analyst Karl Ackerman raised AMD's price target by 60% to a Street-high $960 from $600, implying about 46% upside, driven by the company's shift toward full-stack artificial intelligence infrastructure. Sources conflict on the bank's rating, citing Neutral and Outperform. The target is underpinned by 14 gigawatts of customer commitments for Helios AI accelerators from clients including OpenAI, Meta, and Anthropic. Meanwhile, 24/7 Wall St. maintains a Hold rating with a $622.15 target, citing high valuation following a 197.2% year-to-date rally and a trailing earnings multiple of 245.