Mizuho Forecasts Price Appreciation for Valero Energy, Intel, AMD, and More
Mizuho forecasted strong price appreciation for Valero Energy, Intel, Advanced Micro Devices, and other companies, with price target hikes across the board. Valero Energy saw its price target raised by $67, while Intel and AMD had their targets increased to $128.00 and $615.00, respectively. Credo Technology Group and Plexus also received boosted targets with Credo increasing to $260.00 and Plexus to $310.00.
Mizuho raised price targets across several energy and semiconductor names, signaling a constructive near-term stance. The firm lifted VLO by $67 and boosted its targets on INTC to $128 and AMD to $615 [doc3, doc5].
Beyond the large caps, Mizuho also raised Credo Technology Group to $260 and Plexus to $310, with Needham & Company separately assigning Plexus a buy rating [doc4, doc6]. The cluster of upgrades reflects analyst optimism on margins and AI-driven demand across the group.
Price-target revisions can shape short-term sentiment and trading, but they are forecasts rather than guarantees. Investors should weigh these calls against company fundamentals, valuation, and the broader rate and demand backdrop before drawing conclusions.
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