Mizuho analyst Vijay Rakesh boosted price targets on two major semiconductor names, Micron Technology (MU) and Texas Instruments (TXN). He highlighted stronger pricing, rising AI demand, and improving trends across the chip sector.
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It is worth noting that Rakesh ranks four out of more than 12,237 analysts tracked by TipRanks. He has an overall success rate of 71%, with an average return per rating of 68.9% over a one-year timeframe.
Micron PT Raised to $800 on Strong Memory Pricing
Rakesh raised his price target on Micron stock to $800 from $740, while keeping a Buy rating. He said memory pricing in both NAND and DRAM looks strong heading into the second half of 2026 and into 2027, aided by rising demand from AI servers, including HBM and enterprise SSDs.
He also noted that a potential Samsung (SSNLF) strike could tighten supply and add more pricing tailwinds for Micron and SK Hynix (HXSCL). MU is set to report its May-quarter earnings on June 24, which Rakesh expects to reflect these improving trends.
Texas Instruments PT Raised to $300 as AI Data Center Demand Rises
Rakesh also raised his price target on Texas Instruments stock to $300 from $255, while keeping a Neutral rating. He said the company is seeing early benefits from the AI data center ramp, which reached a $563 million quarterly run rate in the March quarter and could grow further into 2027.
Beyond AI, he also sees early signs that factory demand is picking up, which is pushing wait times higher. The company’s plan to buy Silicon Labs’ (SLAB) non‑core unit should also send more work to its Sherman and Lehi plants, helping growth over time.
Which Is Better, MU or TXN?
Using TipRanks’ Stock Comparison Tool, we compared Micron and Texas Instruments to see which semiconductor stock Wall Street currently favors. MU stock has a Strong Buy consensus rating, while TXN carries a Moderate Buy consensus rating. Currently, analysts see downside potential in both Micron and Texas Instruments stocks.
