Micron Technology, Inc. (NASDAQ:MU) is among the 12 Most Profitable NASDAQ Stocks to Buy Right Now. On January 27, Mizuho hiked its price target on the stock to $480 from $390, while maintaining an Outperform rating.
According to a report on TipRanks, the firm anticipates improved revenues and margins in 2026 for companies in the memory group. Mizuho noted that NAND prices could rise by about 330% in 2026 compared to last year and increase another 50% in 2027, with production largely remaining flat, prompting it to lift its price target.
In related news, William Blair initiated coverage on the stock on January 22 with an Outperform rating, citing the company’s position as a major memory supplier. The firm believes that Micron Technology, Inc. (NASDAQ:MU) is well placed to gain with demand comfortably outpacing memory supply.
Given this factor, William Blair expects the company’s non-GAAP EPS to expand by over 275% in the next couple of years.
Micron Technology, Inc. (NASDAQ:MU) manufactures memory and storage products that are widely used in servers, smartphones, tablets, and laptops.
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