Mizuho Raises Micron (MU ) PT to $155 Due to Improved Pricing, Strong Execution

Micron Technology Inc. (NASDAQ:MU) is one of the best performing S&P 500 stocks to buy now. On August 11, Mizuho raised the firm’s price target on Micron to $155 from $150, while keeping an Outperform rating on the shares due to the company’s improved pricing, particularly in DRAM, and strong execution. The firm sees continued strength in legacy DRAM pricing into H2 and HBM driving a 5x higher average selling price bump from traditional DRAM.

Micron Technology made $9.3 billion in FQ3 2025 revenue, which marked a 37% year-over-year increase. This was driven by its DRAM segment, which generated $7.1 billion in revenue and represented a 51% increase, making up 76% of the company’s total revenue. The NAND segment also contributed $2.2 billion in revenue, which was an increase of 4%.

However, DRAM and NAND prices decreased in the low and high single-digit percentage ranges, respectively. The company is also navigating customer qualification challenges for its HBM3E and HBM4 products and is seeing a 10% structurally lower NAND wafer capacity by the end of FY2025 due to technology transitions.

Micron Technology Inc. (NASDAQ:MU) designs, develops, manufactures, and sells memory and storage products in the US, Taiwan, Singapore, Japan, Malaysia, China, India, and internationally.

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Disclosure: None. This article is originally published at Insider Monkey.