Micron rises as Mizuho bumps estimates, sees better pricing, inventory ahead
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Micron Technology (NASDAQ:MU) shares rose more than 2.5% on Friday as investment firm Mizuho raised its estimates on the semiconductor company, stating it sees better pricing and inventory going forward.
Analyst Vijay Rakesh, who maintained his buy rating on Micron (MU), also raised his price target to $82 from $72, noting that inventories should decline into the end of the year, while dynamic random access memory and NAND are "starting to improve."

Additionally, the company will ramp up production of high-bandwidth memory next year, with Rakesh expecting "strong share gains," which should set the company up for a better year next year.


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