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BTCC / BTCC Square / Global Cryptocurrency /
Micron (MU) Stock Hits All-Time High as Mizuho Raises Target to $740

Micron (MU) Stock Hits All-Time High as Mizuho Raises Target to $740

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2026-05-07 18:22:02
0
BTCCSquare news:

Micron Technology’s stock surged to a record $668.38, marking a 720% year-over-year gain and an 80% monthly jump. Mizuho Securities boosted its price target by 36% to $740, citing confidence in Micron’s AI-driven memory chip dominance.

The company’s new 245TB 6600 ION SSD targets hyperscale AI workloads, while Bernstein forecasts rising memory chip prices through 2026. At 9.9x P/E versus the sector’s 32x, Micron trades at a 327% EPS growth premium—a valuation even quant analysts call ‘screaming’ despite the rally.

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