Mizuho Raises Micron Technology Stock Target Price on Strong HBM Performance
Investing.com – On Monday, the financial services company Mizuho upgraded its price target for Micron Technology Inc. (NASDAQ: MU) shares from $155.00 to $182.00, maintaining an Outperform rating ahead of the company’s upcoming earnings report scheduled for September 23, 2025. Currently, Micron’s stock trades near its 52-week high of $158.28 and has delivered an impressive year-to-date return of approximately 87%.
The upgrade by Mizuho reflects growing optimism around Micron’s high-bandwidth memory (HBM) segment and a constructive outlook for the DRAM and NAND memory markets. The firm highlighted Micron’s progress with NVIDIA’s accelerated GB300 program—in which 25% of shipments in July involved this product line—and anticipates a crossover effect in the October quarter. Mizuho suggests that the company’s short-term launch of the HBM3e 12-Hi 288GB module could positively influence Micron’s guidance for the next quarter.
Micron currently sports a market capitalization of $176 billion and has demonstrated robust revenue growth of 58% over the past twelve months, establishing itself as a key player in the semiconductor industry.
Future Outlook: HBM4 and Market Dynamics
Mizuho analysts expressed confidence that Micron’s forthcoming HBM4 memory could mirror the competitive dynamic observed with HBM3e, particularly as Samsung—the other major player in this space—continues to face operational challenges. This scenario may lead to significant revenue growth opportunities for Micron extending into 2026 and 2027, driven by advancements such as the Rubin acceleration technology.
The company’s financial health remains strong, with a current liquidity ratio of 2.75 and manageable debt levels, underscoring its solid balance sheet and capacity to capitalize on market opportunities.
The firm also pointed out supply constraints as a key factor underpinning favorable price trends expected to persist through 2026. Micron could strategically pause NAND/DRAM pricing adjustments amid rising artificial intelligence (AI) demand. Additionally, Mizuho identified potential growth in the nearline solid-state drive (SSD) segment in the latter half of 2026 and into 2027, owing to lengthening hard disk drive delivery times surpassing one year.
Analyst Consensus and Industry Perspectives
Mizuho’s confidence is echoed by several other major financial institutions. Deutsche Bank has recently increased its price target for Micron to $175 with a Buy rating, citing anticipated DRAM supply shortages. UBS analysts also raised their target to $185, pointing to strong demand and improving market fundamentals, particularly fueled by growing DDR5 memory adoption in hyperscale server environments.
Meanwhile, Stifel maintained a positive outlook, emphasizing growth potential in the data center sector based on sector-wide semiconductor forecasts. Micron’s shares have also seen a roughly 3% lift alongside other hardware and storage companies following the announcement of new export regulations expected to support flash memory pricing.
Goldman Sachs, however, opted to retain a Neutral rating with a $130 price target. The bank acknowledged Micron’s acceleration in high-bandwidth memory production and expects some upside relative to consensus earnings estimates following the company’s positive pre-announcement. Nevertheless, Goldman foresees more moderate growth in the quarter ending November.
Conclusion
Mizuho’s upgrade solidifies a broadly optimistic stance on Micron Technology, underpinned by strong product performance in high-bandwidth memory and favorable pricing trends across the DRAM and NAND markets. With a robust financial position and positive industry dynamics, Micron appears well-positioned for growth in the near to medium term.
For investors seeking detailed analysis and additional insights, Mizuho’s full research report is available through InvestingPro, which offers extensive coverage of over 1,400 leading U.S. stocks.
This article is based on information available as of September 15, 2025, and does not constitute investment advice. Investors should conduct their own research or consult financial advisors before making investment decisions.
