Mizuho AMD

Mizuho Lowers AMD Price Target to $650

Analyst: Vijay Rakesh 1 min read Reproduced verbatim
Rating
Outperform
Target
$650
from $705 (−8%)
Upside
+35%
AMD at $483 today
Mizuho and AMD logos

What the analyst said

Mizuho analyst Vijay Rakesh lowered the price target on AMD (NASDAQ: AMD) to $650 (from $705) while maintaining an Outperform rating.

“AMD reported a solid SepQ and guided DecQ up 27% to $17.0B (above consensus $16.3B).

Key highlights: 1) guided DecQ with DC/Embedded up 50%/DD% q/q though noted client/gaming both down >20% q/q, 2) Server CPUs 100% y/y in 2027E, as agentic AI demand remains strong, while also seeing strength from head nodes, 3) AMD sees total revs up >80% in 2027E, driven by DC/embedded and noted it remains supply constrained on the DC side, and 4) Helios ramp underway at major CSP/LLM customers, with strong customer demand as it is seeing traction for MI500/600.

Maintain Outperform, Adjust Estimates and PT to $650 from $705, ~37x P/E F27E, as AMD remains a key AI enabler with strong agentic CPU tailwinds and ramping GPUs with multi-GW deployments ahead.”

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Where the price stands

AMD trades at $483. The 29 analysts who set a target in the last 3 months range from $540 to $1,250, with a median of $650. This $650 target is in line with the median.

12-month window: day 0 of 365, closes on November 4, 2027.

Track record

This callOpen: a 12-month target, scored on November 4, 2027, a year after the note.

Firm track recordMizuho: 88% of its 69 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 November 12, 2025 to November 4, 2026. The target went from $285 to $650 (+128%). The rating stayed Buy.

Mizuho targetAMD share price
  1. November 4, 2026 This noteTarget cut from $705 (−8%)Buy$650
  2. October 6, 2026Target raised from $625 (+13%)Buy$705
  3. July 27, 2026Target raised from $615 (+2%)Buy$625
  4. June 1, 2026Target raised from $515 (+19%)Buy$615
  5. May 12, 2026Target raised from $415 (+24%)Buy$515
  6. May 6, 2026Target raised from $275 (+51%)Buy$415
  7. February 4, 2026Target cut from $285 (−4%)Buy$275
  8. November 12, 2025Earliest call shownBuy$285
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Other analysts on AMD

StoneXBuy Kept rating and price target Nov 4 $685maintained DA DavidsonBuy Raised price target +9%, kept rating Nov 4 $600from $550 TD CowenBuy Kept rating and price target Nov 4 $675maintained RBC CapitalHold Kept rating and price target Nov 4 $540maintained Wolfe ResearchBuy 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.