Mizuho AMD

Mizuho Raises AMD Price Target to $275

Analyst: Vijay Rakesh 1 min read Reproduced verbatim
Rating
Outperform
Target
$275
from $205 (+34%)
Outcome
Reached
on April 16, 2026
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What the analyst said

Mizuho analyst Vijay Rakesh raised the price target on AMD (NASDAQ: AMD) to $275 (from $205) while maintaining an Outperform rating.

“AMD with the OAI Tailwind – Raising Estimates, PT as we expect 2028E AI DC leadership to remain NVDA and AVGO, followed by AMD.

AMD’s OpenAI 6GW Deal spans six tranches (1GW each) from C4Q26-2030, including ~160M warrant shares tied to GW deployments and AMD’s share price (~$600 for final tranche).

We conservatively project ~$14B incremental revenue in F27E, up to ~$22B/yr by F30E with potential GM dilution >300bps from warrants (Ex-1).

We raise F27E topline by 26% (ABOVE Consensus), forecast EPS upside 30-50%, with EPS doubling to 2027-28 to ~$11 and raising PT to $275 (prior $205), though OAI funding risks persist.”

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This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

AMD trades at $491. The 25 analysts who set a target in the last 3 months range from $510 to $1,250, with a median of $675. This $275 target is 59% below the median, the lowest on the Street.

Since the note AMD has moved +128% (from $215). The 12-month window closed on October 13, 2026.

Track record

This call✓ Target reached on April 16, 2026, 6 months after the note.

Firm track recordMizuho: 88% of its 68 targets at least a year old were reached within 12 months (#2 of 26 firms); on AMD, 9 of 9. Accuracy ranking →

Mizuho on AMD

Mizuho price targets on AMD

8 calls from May 16, 2025 to February 4, 2026. The target went from $135 to $275 (+104%). The rating stayed Buy.

Mizuho targetAMD share price
  1. February 4, 2026Target cut from $285 (−4%)Buy$275
  2. November 12, 2025Target raised from $275 (+4%)Buy$285
  3. October 13, 2025 This noteTarget raised from $205 (+34%)Buy$275
  4. October 7, 2025Target raised from $175 (+17%)Buy$205
  5. July 15, 2025Target raised from $152 (+15%)Buy$175
  6. July 2, 2025Target raised from $135 (+13%)Buy$152
  7. May 19, 2025Kept the $135 targetBuy$135
  8. May 16, 2025Earliest call shownBuy$135
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Other analysts on AMD

JP MorganHold Raised price target +5%, kept rating Nov 4 $575from $550 Piper SandlerBuy Raised price target +8%, kept rating Nov 4 $650from $600 UBSBuy Cut price target −4%, kept rating Nov 4 $700from $730 Melius ResearchBuy Raised price target +8%, kept rating Nov 4 $650from $600 SusquehannaBuy Kept rating and price target Nov 4 $650maintained
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.