Micron’s Stellar Earnings Beat Sparks Mizuho’s Top Analyst to Hike Price Target

Micron just delivered a knockout quarter—and Wall Street's taking notice.

Mizuho's star analyst slapped a bullish price target boost on the chipmaker after earnings smashed expectations. No surprise—when the memory market heats up, Micron's the first to cash in.

The Numbers Don’t Lie

While specifics weren’t disclosed, the beat was clear enough to trigger Mizuho’s upgrade. Because nothing makes analysts flip bullish faster than a company printing money during ‘uncertain macroeconomic conditions’ (their favorite oxymoron).

Memory Market Momentum

DRAM and NAND demand is surging—and Micron’s riding the wave. Forget ‘cycles,’ this is a structural shift as AI, 5G, and hyperscalers guzzle memory like hedge funds guzzle overpriced espresso.

One thing’s certain: When the Street’s favorite chip play outperforms, even the skeptols start nodding. Until the next ‘correction,’ at least.

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Rakesh maintained his Buy rating on MU stock, as the company touts artificial intelligence (AI) driven memory demand. Rakesh is a five-star analyst on TipRanks, ranking #282 out of the 9,653 analysts covered. He boasts a success rate of 55% and an average return per rating of 15.90%.

Here’s Why Rakesh Is Bullish on MU Stock

Rakesh is highly encouraged with Micron’s AI and data center exposure. Based on MU’s Q3 performance, the analyst estimates that Micron’s HBM market share will reach 20% to 25% by late 2025. Also, HBM revenue for 2026 is projected to jump by 34% to reach over $17 billion, supported by the launch of its new HBM4 technology. Rakesh also highlighted Micron’s plans to increase its U.S. investment to $200 billion from $170 billion.

Considering the ramp of HBM3 series and the onset of the HBM4 series, Rakesh increased his HBM revenue estimates for FY26 and FY27 to $13.1 billion and $17.4 billion, respectively. Also, he estimates that NAND flash prices are expected to increase in the second half of this year, with Micron experiencing a 3% growth in August quarter and 4% jump in November quarter.

Notably, Micron is one of the key suppliers for Nvidia’s (NVDA) GB200 and GB300 advanced computing platforms. This puts the company in a sweet spot for continued demand from the AI revolution. Overall, the analyst expects that with the demand for both HBM and NAND improving, Micron’s pricing and shipments will rise, leading to a strong second half calendar year 2025 performance.

Is Micron a Good Stock to Buy?

Analysts are highly optimistic about Micron’s long-term stock trajectory. On TipRanks, MU stock has a Strong Buy consensus rating based on 14 Buys and two Hold ratings. Also, the average Micron price target of $135.81 implies 6.7% upside potential from current levels. Year-to-date, MU stock has gained 51.4%.