Mizuho Raises Micron (MU) Price Target to $182 Ahead of Earnings

Core Insights - Micron Technology, Inc. is being closely monitored by analysts as a significant player in the AI stock market, with Mizuho raising its price target from $155.00 to $182.00 while maintaining an Outperform rating ahead of the earnings report on September 23 [1] - There is an anticipated increase in demand for High Bandwidth Memory (HBM) leading up to Micron's fiscal fourth-quarter results, with expectations of higher sales of HBM3e driven by Nvidia's new GB300 chips [2] - Analysts estimate that approximately 25% of Nvidia's shipments in the July quarter were from the GB300 series, with projections indicating that this mix could exceed 50% in the October quarter, potentially benefiting Micron's guidance for the November quarter [3] Company Overview - Micron Technology develops and sells memory and storage products for various applications, including data centers and mobile devices, across multiple industries globally [3]