Advanced Micro Devices (AMD, Financials) saw its stock price target raised by Mizuho to $135, citing stronger growth expectations from its AI portfolio and partnerships. Shares closed at $117.17 on the day of the report, up nearly 12% for the week.
Mizuho maintained its Outperform rating and raised AMD’s forward earnings multiple for fiscal 2026 to 20.9x from 18.1x, pointing to greater confidence in long-term profit growth. Central to that view is AMD’s $10 billion AI collaboration with HUMAIN and the expected launch of its MI355x chips in the second half of 2025.
The new products may help offset the impact of the MI308 export ban to China. Mizuho also noted AMD’s sound financial footing, supported by a recent $6 billion share repurchase announcement that lifts its total buyback program to $10 billion.
AMD introduced its EPYC 4005 Series for small business servers, with support from OVHcloud and Supermicro. Despite a 99 basis-point drop in market share to 21.1% in Q1 2025, according to Mercury Research, Evercore ISI reiterated its $126 price target and Outperform rating on confidence in AMD’s datacenter strategy.
Investors are watching upcoming product rollouts and further AI deployment as key catalysts.
