TradingKey – As of pre-market on August 10 Eastern Time, Micron Technology ( MU) last traded at $877.57, with its pre-market share price down nearly 1%. Wall Street institutions have recently diverged on their stock price forecasts for Micron, with Mizuho Securities recently raising Micron’s price target to $1,375, while Citi lowered its target price from $1,400 to $1,150.
Mizuho Raises Micron Price Target to $1,375 as Memory Price Cycle Remains Supported
Mizuho remains relatively optimistic on Micron, as the core investment thesis continues to stem from tight supply-demand conditions in DRAM and HBM.
This cycle in the memory market differs from traditional cycles driven by consumer electronics. AI servers are consuming vast amounts of HBM…
