Mizuho has raised AMD's price target to $135, citing growing expectations from its partnerships and AI portfolio. > Mizuho maintained its Outperform rating and raised AMDs 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 AMDs $10 billion AI collaboration with HUMAIN and the expected launch of its MI355x chips in the second half of 2025. As always, AMD trades way below market value.