Micron Technology (NASDAQ:MU) is one of the debt free halal stocks to buy. On March 12, Mizuho kept its Outperform rating on Micron Technology (NASDAQ:MU) and set a price target of $480. This came just before Micron’s earnings report on March 18.
Mizuho expects Micron’s results to be stronger than Wall Street’s forecasts. For the May quarter, they see $25 billion in revenue and $11.13 earnings per share (EPS), which is about 8% higher than consensus. For the August quarter, they project $27.2 billion in revenue and $12.25 EPS, about 7% above consensus.
The firm believes Micron will benefit from higher prices for DRAM and NAND chips, while supply growth remains limited. They also expect big cloud companies (hyperscalers) to boost spending by nearly 60% in 2026.
Demand for HBM3e memory is strong ahead of HBM4, with prices expected to be 30–45% higher. LPDDR5 demand is also rising, with Rubin chips carrying three times more content than Blackwell.
NAND chips are seeing support from AI‑driven demand for QLC eSSD and new technology upgrades expected in 2026–27. Overall, Mizuho sees a strong memory market, tight supply, and AI demand driving better pricing and margins for Micron.
Micron Technology, Inc. (NASDAQ:MU) is a leading American semiconductor company that designs, manufactures, and sells high-performance memory and storage technologies, including DRAM, NAND flash, and NOR memory.
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