Micron Stock Price Target Cut to $1,300 by Mizuho: MU Rally Faces New Test

Micron stock price target expectations shifted this week, and that’s after Mizuho cut its number on Micron Technology, or MU, down to $1,300 from $1,375 on August 25, 2026, while also keeping its Outperform rating in place. The lower Micron stock price target signals a bit of caution about how much further the rally can run, and the change lands right as traders are also weighing a broader Micron stock forecast heading into the rest of 2026. Wall Street’s overall Micron stock price target 2026 picture still points higher, even with this one cut factored in, at least at the time of writing.

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Micron Stock Forecast Shifts as Mizuho Lowers Its Price Target

What Mizuho Changed

Mizuho analyst Vijay Rakesh trimmed his Micron stock price target down to $1,300 from $1,375, a $75 cut, and he also reiterated his Micron stock outperform call on the shares while he was at it. This kind of Micron stock price target lowered move still sits well above where MU shares were trading, at $910.43 at the time of writing, so the new number still points to some real upside even after the trim. Rakesh is also one of the more closely followed analysts on the name, and his Micron stock outperform rating has stuck around through a few rounds of target changes this year already.

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