Mizuho Micron · MU

Mizuho Raises Micron Price Target to $480

Analyst: Vijay Rakesh 1 min read Reproduced verbatim
Rating
Outperform
Target
$480
from $390 (+23%)
Outcome
Reached
on April 22, 2026

Mizuho’s latest target on Micron is now $1,400 (Oct 1, 2026); the median of 27 firms is $1,540. Mizuho has reached 88% of its year-old targets (69 scored).

Mizuho and Micron logos

What the analyst said

Mizuho analyst Vijay Rakesh raised the price target on Micron Technology (NASDAQ: MU) to $480.00 (from $390.00) while maintaining an Outperform rating.

“We continue to see pricing tailwinds in legacy DRAM/NAND markets, driving better topline and margins into 2026E.

Key points: 1) NO NEW NAND wafer capacity in 2026E/2027E while NAND demand expands to >20% y/y, 2) Annualized NAND pricing estimated up 330% y/y in 2026E and raising 50% y/y in 2027E with tight supply as AI server demand accelerates, 3) NVDA ICMSP (Ex-3) could add 16TB/GPU for KVCache driving inference and GPU utilization… For MU, we are taking our estimates for F26E to 14% above cons. and F27E to 23% above consensus.”

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The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

MU trades at $725. The 27 analysts who set a target in the last 3 months range from $1,200 to $3,000, with a median of $1,540. This $480 target is 69% below the median, the lowest on the Street.

Since the note MU has moved +86% (from $389). 12-month window: day 287 of 365, closes on January 27, 2027.

Track record

This call✓ Target reached on April 22, 2026, 3 months after the note.

Firm track recordMizuho: 88% of its 69 targets at least a year old were reached within 12 months (#2 of 26 firms); on Micron, 9 of 9. Accuracy ranking →

Mizuho on Micron

Mizuho price targets on Micron

8 calls from September 24, 2025 to March 19, 2026. The target went from $195 to $530 (+172%). The rating stayed Buy.

Mizuho targetMU share price
  1. March 19, 2026Target raised from $480 (+10%)Buy$530
  2. March 12, 2026Kept the $480 targetBuy$480
  3. January 27, 2026 This noteTarget raised from $290 (+66%)Buy$480
  4. December 18, 2025Target raised from $270 (+7%)Buy$290
  5. December 4, 2025Target raised from $265 (+2%)Buy$270
  6. October 28, 2025Target raised from $240 (+10%)Buy$265
  7. October 17, 2025Target raised from $195 (+23%)Buy$240
  8. September 24, 2025Earliest call shownBuy$195
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Other analysts on Micron

Bank of AmericaBuy Kept ratingReiterated Oct 26 DA DavidsonBuy Kept rating and price targetReiterated Oct 22 $3,000maintained CantorBuy Kept rating and price targetReiterated Oct 20 $2,000maintained DA DavidsonBuy Raised price target +43%, kept ratingRaised target Oct 7 $3,000from $2,100+43% BairdBuy Kept rating and price targetReiterated Oct 2 $1,520maintained
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.