Mizuho Raises Micron (MU) Price Target to $182 Ahead of Earnings

Micron Technology, Inc. (NASDAQ:MU) is one of the AI Stocks Analysts Are Tracking Closely. On September 16, Mizuho raised its price target on the stock to $182.00 from $155.00 on Monday, while maintaining an Outperform rating. The rating comes ahead of the company’s September 23 earnings report.

The firm anticipates accelerated High Bandwidth Memory (HBM) demand ahead of Micron’s fiscal fourth-quarter results. Analysts also forecast higher sales of HBM3e, with Nvidia’s new GB300 chips leading to stronger orders.

They approximate that an estimated 25% of Nvidia’s July-quarter shipments were GB300 versus GB200, stating that GB300 mix could likely exceed above 50% in the October quarter. That shift may provide potential upside for Micron’s November quarter guidance.

Micron Technology, Inc. (NASDAQ:MU) develops and sells memory and storage products for data centers, mobile devices, and various industries worldwide.

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