Wells Fargo Raises AMD Target to $700 While Mizuho Cuts Price Target

Analysts show mixed reactions to AMD earnings; Wells Fargo raises target to $700, Mizuho cuts to $580. AI growth narrative holds despite short-term execution concerns.

Woofun AI reports that institutional analysts presented divergent views following AMD's quarterly earnings, though the consensus affirms the integrity of its AI and data center growth trajectory. Wells Fargo issued the most bullish update, increasing its price target from $615 to $700 and projecting earnings could surpass its prior $20 per share estimate for 2029-2030. Jefferies raised its target to $650 with a buy rating, noting that long-term AI progress remains on track despite results missing lofty expectations.

Conversely, Mizuho reduced its target from $625 to $580 while keeping an outperform rating, citing resilient performance in a difficult environment. JPMorgan significantly lifted its target from $385 to $550 but maintained a neutral stance due to slightly lower-than-expected guidance for the September quarter. The primary debate centers on whether short-term execution can match increasingly aggressive market expectations.