Micron up after Mizuho raises PT on AI-driven tailwinds

Memory chipmaker Micron Technology's MU.O stock up about 1% at $159.01 in premarket trade

Mizuho raises its target price for the Idaho-based firm to $182 from $155, citing Micron's potential ability to capitalize on the growing artificial intelligence market, especially with its high-performance memory called HBM

We believe MU remains well positioned with leading edge Dynamic Random Access Memory nodes, driving cost downs while remaining disciplined with wafer starts - Mizuho

35 of 44 analysts rate the stock "buy" or higher and eight "hold" and one "sell"; median PT is $150 - data compiled by LSEG

Micron's stock is up 87.5% YTD