Advanced Micro Devices (AMD) Stock: Mizuho Raises Target to $625 After AI Event

TLDR

• Mizuho raised its AMD price target to $625 from $615, reiterating a Buy rating after AMD’s Advancing AI event.
• AMD has rallied 131% year-to-date despite a recent pullback in chip stocks.
• MI455 (Helios) commitments of up to 14 GW secured from OpenAI, Anthropic, Microsoft, and Meta.
• AMD’s 6th-Gen EPYC CPUs (Venice) are now in full production, with cloud rollouts expected in Q4.
• Wall Street holds a Strong Buy consensus with an average price target of $570.69.

AMD stock opened at $494.95 on Tuesday, down around 5% on the day, caught up in a broader chip sector sell-off. That pullback came despite a wave of positive analyst commentary following AMD’s Advancing AI event last week.

Advanced Micro Devices, Inc., AMD

Mizuho analyst Vijay Rakesh reiterated his Buy rating and lifted his price target to $625 from $615. He pointed to upside from two key product launches: Helios and Venice.

Rakesh ranks No. 4 out of more than 12,390 analysts tracked by TipRanks, with a 68% success rate and an average return of 72.80% per rating over one year.

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