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Investing.com - Mizuho raised its price target on Micron Technology (NASDAQ:MU) to $182.00 from $155.00 on Monday, while maintaining an Outperform rating ahead of the company’s September 23 earnings report. The stock, currently trading near its 52-week high of $158.28, has delivered an impressive 87% return year-to-date. According to InvestingPro data, nine analysts have recently revised their earnings estimates upward for the upcoming period.
The firm cited Micron’s high bandwidth memory (HBM) estimates and a constructive DRAM-NAND market as key factors behind the increased target. Mizuho specifically pointed to NVIDIA’s GB300 ramp-up, with 25% of July quarter shipments and crossover expected in the October quarter, suggesting near-term HBM3e 12-Hi 288GB could deliver upside to Micron’s October quarter guidance. With a market capitalization of $176 billion and robust revenue growth of 58% over the last twelve months, Micron has established itself as a prominent player in the semiconductor industry.
Mizuho believes HBM4 could become a "2-Horse Race" similar to HBM3e, as Samsung continues to face challenges. This situation could drive potential upside to Micron’s topline into 2026/2027 with Rubin ramps. The company’s strong financial position is reflected in its healthy current ratio of 2.75 and moderate debt levels. For detailed analysis and additional insights, check out the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 top US stocks.
The firm also noted tight supply driving pricing tailwinds into 2026, with Micron potentially pausing quotes on NAND/DRAM amid strong AI demand. Mizuho mentioned potential for nearline SSD in the second half of 2026 and into 2027 as hard disk drive lead times extend beyond one year.
Mizuho reiterated its Outperform rating on Micron, raising estimates along with the price target increase, as it sees the company in a strong position with HBM, while NAND/DRAM segments experience pricing tailwinds in the second half of 2025. The company maintains an excellent overall financial health score according to InvestingPro analysis, with particularly strong momentum scores and solid profit metrics.
In other recent news, Micron Technology has been the subject of several analyst updates. Deutsche Bank raised its price target for Micron to $175, maintaining a Buy rating due to anticipated DRAM supply tightness. UBS also increased its price target to $185, citing strong demand and improving market fundamentals, particularly driven by robust demand for server DDR5 memory from hyperscalers. Meanwhile, Stifel issued a positive outlook for Micron, highlighting potential growth in the data center market based on improving forecasts across the semiconductor industry.
Additionally, the company saw a 3% rise in its stock price alongside other hardware and storage firms, following new export rules expected to boost flash pricing. Goldman Sachs, however, maintained a Neutral rating with a $130 price target, focusing on Micron’s high-bandwidth memory production ramp. The firm anticipates some upside to consensus estimates following Micron’s positive pre-announcement but expects more moderate growth in the November quarter. These developments reflect ongoing interest and varied perspectives on Micron’s future performance.
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