Micron Stock Slips Despite Mizuho's Massive $1,375 Target - TradingView

Despite a massive $1,375 price target from Mizuho, Micron Technology's stock slipped slightly, as the company rides one of the most robust memory cycles in recent years. Micron reported record revenue... Read original →

Despite a massive $1,375 price target from Mizuho, Micron's stock declined slightly, reflecting investor caution amid elevated valuations. The current memory cycle is at an all-time high, with record revenue and robust cash flow, but the premium valuation already embeds strong future demand assumptions. AI-driven demand for DRAM and NAND remains strong, yet supply constraints persist through 2027, with new capacity not expected until 2028. Geopolitical tensions, especially in Taiwan, China and Hong Kong, China, are increasing supply chain risks. If CXMT accelerates capacity expansion, it could erode Micron’s pricing power. The company must secure long-term contracts to stabilize pricing, but a faster-than-expected supply recovery could trigger a revaluation downward. Over the next 12–24 months, the industry will face a critical window of high demand and constrained supply, where Micron’s ability to maintain leadership hinges on supply chain resilience and customer retention.