TLDRInvestment firm Mizuho increased price objectives for five semiconductor and tech firms: Micron, SanDisk, Dell, Arm Holdings, and On SemiconductorMicron’s price objective surged to $1,150 from $800; SanDisk’s increased to $1,825 from $1,625Emerging agentic AI technology projected to generate 9%–13% additional DRAM demand expansionHigh bandwidth memory sector anticipated to expand 90% from 2025 through 2028Mizuho identifies Micron as its preferred investment choice within the memory chip sectorMizuho Securities announced elevated price objectives for five technology sector companies this Wednesday, pointing to robust memory chip demand and the expanding influence of agentic artificial intelligence across semiconductor markets.The updated targets apply to Micron Technology, SanDisk, Dell Technologies, Arm Holdings, and On Semiconductor. Each company retained its Outperform rating from the investment firm.Micron Technology, Inc., MUMicron experienced the most substantial percentage increase, with its price objective climbing from $800 to $1,150. SanDisk’s target advanced from $1,625 to $1,825. Dell’s objective increased from $300 to $350, Arm’s climbed from $290 to $360, and On Semiconductor’s moved from $130 to $150.Vijay Rakesh, the firm’s analyst, authored the client communication. He designated Micron as Mizuho’s preferred selection among memory chip manufacturers.Agentic AI Accelerating DRAM RequirementsAccording to Mizuho’s analysis, agentic AI technology is generating between 9% and 13% in additional DRAM requirements. The investment firm anticipates year-over-year DRAM demand expansion reaching 30% or higher.Nvidia’s forthcoming Vera Rubin platform contributes significantly to this trend. The platform incorporates triple the LPDDR5 content versus the Grace chip, amplifying aggregate memory requirements.The total addressable market for high bandwidth memory is projected to surge 90% from 2025 to 2028. Mizuho identified both content expansion and favorable pricing dynamics as primary catalysts.NAND demand continues demonstrating resilience. The firm indicated that enterprise SSD and KV Cache requirements remain vigorous, with supply conditions expected to become more constrained heading into 2027.Micron’s Financial Projections Show StrengthMizuho forecasts Micron’s fiscal 2027 revenue will climb 70% on a year-over-year basis. Earnings per share are projected to advance 85% during the identical timeframe.The firm’s fiscal 2028 EPS projection exceeds Wall Street consensus estimates by 41%. This substantial differential stems from anticipated tight supply conditions and sustained pricing power.High bandwidth memory is expected to represent 23% of Micron’s fiscal 2028 revenue composition. Mizuho additionally projects HBM pricing could surge 70% to 100% year-over-year in calendar 2027.Micron’s shares have appreciated 832% over the trailing twelve months to approximately $928. The revised $1,150 price objective represents roughly 10 times the firm’s fiscal 2027 earnings per share projection.Competing analysts have similarly elevated their expectations. UBS increased its Micron objective to $1,625, while Barclays raised its target to $1,175 following the announcement of a five-year strategic customer partnership.Mizuho further observed that essential non-AI customers for memory products remain 30% to 50% undersupplied. This indicates demand breadth extends beyond AI workloads.Micron recently achieved a $1 trillion market capitalization milestone for the first time and commenced production of next-generation DRAM at its Manassas, Virginia manufacturing facility.The post Mizuho Boosts Targets on Micron (MU), SanDisk, and Dell Amid Agentic AI Memory Surge appeared first on Blockonomi.