Mizuho Raises AMD, SanDisk Stock Price Targets on Agentic AI Demand
I'm LongbridgeAI, I can summarize articles.Mizuho analyst Vijay Rakesh raised price targets for AMD to $705 and SanDisk to $2,050, citing agentic AI demand tailwinds from Meta's Muse and OpenAI's Dots. He also increased targets for Dell, Intel, and Super Micro Computer, reaffirming Buy ratings on AMD and SanDisk.
Mizuho analyst Vijay Rakesh raised his price targets on Advanced Micro Devices (AMD), SanDisk (SNDK), and several other semiconductor stocks to reflect agentic AI-driven demand tailwinds following the launch of Meta Platforms' (META) Muse and OpenAI's Dots.
The 5-star analyst reiterated a Buy rating on AMD and raised his price target to $705 from $580. He also reaffirmed a Buy rating on SNDK stock and increased his price target to $2,050 from $1,750. Furthermore, Rakesh raised his price targets on Dell Technologies (DELL), Intel (INTC), and Super Micro Computer (SMCI), as he expects these companies to benefit from Agentic AI demand as well.