Mizuho Raises Micron Price Target to $800

Mizuho analyst Vijay Rakesh raised the price target on Micron Technology (NASDAQ: MU) to $800.00 (from $740.00) while maintaining an Outperform rating.

“Reiterate Outperform, raise PT to $800 (prior: $740), 3.9x our F27E P/B (prior: 3.5x), as we see pricing strong in NAND/DRAM into 2H26E and 2027E, driven by AI servers as HBM and eSSD ramp, with potential for HBF to further tighten NAND supply in 2027E.

We note potential for further pricing tailwinds for MU/Hynix as a potential Samsung strike looms, while MU also is expected to report MayQ earnings on June 24.”

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