Micron (MU) Stock: $56 Target From Mizuho

By Amit Chowdhry ● Sep 26, 2022
  • The shares of Micron (MU) recently received a $56 price target from Mizuho. These are the details.

The shares of Micron (MU) recently received a $56 price target from Mizuho. 

Price target: Reduced from $75 to $56

Rating: Downgraded from “Buy” to “Neutral”

Analyst: Mizuho analyst Vijay Rakesh 

Rakesh adjusted the rating while noting that recent checks show steepening DRAM and NAND memory price declines into the December quarter and first half of 2023. And Rakesh pointed out that key data center and server markets are starting to show weakness with softening demand in China and Europe and slowing CPU/ GPU ramps. Plus Rakesh sees slowing consumer and hyper scale demand and high inventory as headwinds for the company.