Mizuho raises AMD price target to $615 from $515, citing strong agentic AI demand

Mizuho raised its price target on Advanced Micro Devices (AMD) to $615 from $515 and maintained an Outperform rating. The firm said demand remains strong across the CPU ecosystem as companies build infrastructure for more advanced AI workloads.

Suppliers are expected to remain supply-constrained through 2027, which could support upside in the server market. However, memory and CPU supply could limit some upside in the second half of 2026.

AMD is competing for a larger role in AI data centers against Nvidia and Intel. The upgrade positions AMD as one of the main beneficiaries of the AI hardware cycle.