Mizuho Securities Maintains ‘Outperform' Rating on Micron Technology, Inc. (MU); Raises PT
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On June 26, 2025, Mizuho Securities raised its price target on Micron Technology, Inc. (NASDAQ:MU) from $130 to $150, maintaining an 'Outperform' rating. This update followed the company's announcement of strong earnings results for Q3 fiscal 2025. Meanwhile, the company's share price is up 46.76% YTD, maintaining strong momentum.
For the quarter, Micron Technology, Inc. (NASDAQ:MU) exceed both its revenue and EPS expectations. This was driven by continued demand for its DRAM and high-bandwidth memory (HBM) chips. The analyst acknowledged the company's expanding role in the AI market. Its HBM market share is expected to reach 25% by the end of 2025, with segment revenue projected at $17 billion in 2026, driven by the launch of HBM4 technology. Improved pricing and bit shipments are expected to drive the company to a strong second half of 2025.
Micron Technology, Inc. (NASDAQ:MU) is a memory and storage products manufacturer. Operating globally, it is known for the Micron and Crucial brands, serving data centers, mobile, automotive, and consumer electronics sectors.
While we acknowledge the potential of MU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 7 Best Stocks to Invest in for a Quick Return and 10 Best Cheap Stocks to Buy According to Billionaire Ray Dalio.
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