Micron Technology, Inc. (NASDAQ: MU) has seen its price target raised to $182.00 from $155.00 by Mizuho, with an Outperform rating ahead of the September 23 earnings report. Analysts anticipate increased demand for High Bandwidth Memory (HBM) and higher sales of HBM3e, driven by Nvidia’s new GB300 chips. They estimate that over 25% of Nvidia’s July-quarter shipments were GB300, with potential for the mix to exceed 50% in the October quarter, providing upside for Micron’s guidance. Micron develops and sells memory and storage products globally.
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Read more at Yahoo Finance: Mizuho Raises Micron (MU) Price Target to $182 Ahead of Earnings