Micron (NASDAQ: MU) stock rebounded 3.3% thanks to Mizuho raising its price target to $270/share. Mizuho predicts rising DRAM prices and demand for NAND high-bandwidth memory, forecasting $56 billion in revenue for 2026 and $17.89 per share earnings. Micron’s stock could be a GARP buy with 21% earnings growth expected.

Mizuho notes Micron could see immediate benefits from higher prices, with 60-65% of DRAM supply contract prices resetting quarterly. Forecasting $66.1 billion in sales and $21.69 earnings per share in 2027, Micron’s stock could be valued at less than 11 times 2027 forecast earnings at $235/share.

Consider Micron stock as a potential buy with earnings projected to grow by 21%. However, Motley Fool’s Stock Advisor did not include Micron in their list of top 10 stocks to buy now. The top 10 stocks recommended by Stock Advisor have historically produced significant returns, outperforming the S&P 500 with a total average return of 1,001%.

Read more at Yahoo Finance: Why Micron Stock Bounced Higher