Mizuho Raises its Price Target on Micron (MU) to $740

Micron Technology, Inc. (NASDAQ:MU) is one of the

10 Best Quality Stocks to Buy and Hold for the Next 5 Years.

On May 6, 2026, Mizuho analyst Vijay Rakesh raised the firm’s price target on Micron Technology, Inc. (NASDAQ:MU) to $740 from $545 previously and maintained an Outperform rating on the shares.

On May 5, 2026, Micron Technology, Inc. (NASDAQ:MU) announced it is now shipping its 245TB Micron 6600 ION SSD. The company said the drive is designed to support AI, cloud, enterprise, and hyperscale workloads, including AI data lakes and large-scale file and object storage applications. Micron added that the 245TB 6600 ION E3.L can achieve equivalent raw storage capacity using 82% fewer racks than HDD-based deployments and is built using Micron G9 QLC NAND technology. The company said the product is intended to improve storage density while lowering power and cooling requirements for data-intensive workloads.

Last month, TD Cowen analyst Krish Sankar raised the firm’s price target on Micron Technology, Inc. (NASDAQ:MU) to $660 from $550 and maintained a Buy rating. The firm said the “next leg” for the stock depends more on the durability of demand rather than additional earnings upside. TD Cowen added that Micron’s investment story is increasingly centered on sustained demand trends supporting long-term earnings durability.

Micron Technology, Inc. (NASDAQ:MU) designs, develops, manufactures, and sells memory and storage products globally.

While we acknowledge the potential of MU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.