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BNP Paribas raises AMD price target 60% to $960, citing AI growth and new CPU tech.

Analyst Insights
06 Oct 2026
24/7 Wall Street
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Bullish
BNP Paribas raises AMD price target 60% to $960, citing AI growth and new CPU tech.

BNP Paribas analyst Karl Ackerman raised AMD's price target from $600 to $960, maintaining an Outperform rating. The upgrade reflects AMD's evolution from a silicon supplier to a full-stack AI systems platform, with strong growth in AI GPUs, agentic CPUs, and custom silicon. AMD's data center revenue surged 107% in Q2, now representing 58% of sales, while gaming declined. The analyst expects AMD to capture significant market share in the expanding AI hardware market, though risks include supply constraints and export controls. Key upcoming milestones include Helios shipments and new AI deployments in 2027.

AMD's price target was recently raised by BNP Paribas by 60% to $960, highlighting significant growth expectations. For readers following the Technology sector, here is Pluang's market snapshot as of Oct 06, 2026 21:21 WIB: out of 150 priced US tech stocks, 84 rose and 62 fell. Notable movers include GLW at USD 165.50 (+3.84%), CRWD at USD 282.18 (+3.49%), and VERI at USD 0.75 (+3.21%), with varying typical hold times and order activity ratios on Pluang.

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