Following a dynamic month that first saw a 30% plunge and then a 30% rally for Micron (NASDAQ: MU), Mizuho Securities elected to raise its already bullish outlook for the memory company.
Specifically, analyst Vijay Rakesh reiterated his view of MU shares as a ‘Buy’ on April 9, but also increased the forecast from an anticipated 27.91% rally from the press time price of $414.36 to $530 to an expected 31.53% rally to $545.
So far, Mizuho has maintained that Micron will benefit greatly from the mounting and mostly artificial intelligence (AI) demand for computer memory, both in terms of revenue and margin growth.
The company’s latest guidance for the third quarter (Q3) seemingly confirmed the optimistic outlook despite the previous fears driven by a recent Google breakthrough in terms of memory usage and by the fact that Micron effectively tied its success to OpenAI by abandoning the consumer market in late 2025.
Wall Street analysts forecast Micron stock price in the next 12 months
Elsewhere, Mizuho Securities’ latest reevaluation of MU stock led to a view largely consistent with the remainder of Wall Street and a 12-month price forecast that is only slightly higher than the overall target.
Indeed, Micron is, overall, seen as a ‘Strong Buy’ and its shares are, on average, expected to rally to $543.20 in the coming 52 weeks, per the data Finbold retrieved from the stock analysis platform TipRanks.
Looking at the last 30 days, Erste Group’s neutral rating appears like the only spoiler to what would otherwise be a unanimous ‘Buy’ recommendation for MU equity.
Additionally, the most bullish forecast within the timeframe was provided by Cantor Fitzgerald on April 1. The $700 prediction simultaneously constitutes the street high.
The least optimistic MU stock price target within the last month came in the form of Citi’s March 31 downgrade from $512.05 to $425.
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