Key Takeaways
- Mizuho’s July top picks feature Robinhood, Erasca, EyePoint, Encompass Health, and Corteva across multiple sectors
- Robinhood shares climbed 8.4% midweek; Mizuho maintains an Outperform rating with a $115 target price
- Micron leads Mizuho’s semiconductor selections with a $1,375 price objective following exceptional Q3 results
- Oracle receives a $320 price target from Mizuho, with artificial intelligence positioned as a major growth catalyst
- Micron’s September 29, 2026 earnings date coincides with anticipated HBM pricing negotiations heating up
Mizuho Securities published its monthly selection of preferred stocks for July on Thursday, introducing five fresh additions spanning various market sectors. The featured companies include Robinhood Markets, Erasca, EyePoint, Encompass Health, and Corteva.
Robinhood stock gained 8.4% during Wednesday’s session and added another 3% in Thursday’s premarket activity, hitting $111.99. Mizuho’s Dan Dolev maintains an Outperform stance with a $115 price objective.
According to Dolev, Robinhood has successfully “captured the zeitgeist of a generation” while consistently launching innovative products. He identified global expansion initiatives, prediction markets, and futures trading capabilities as primary catalysts for future growth.
Mizuho analysts also emphasized that Robinhood’s TradePMR acquisition effectively addresses potential concerns about users migrating to conventional financial advisory services.
Micron Maintains Leading Position Following Earnings Volatility
Micron holds Mizuho’s premier position among semiconductor recommendations. Shares skyrocketed over 15% on June 24 following Q3 results showing earnings per share of $25.11, significantly exceeding the $20.98 consensus estimate. Revenue reached $41.46 billion, substantially surpassing Wall Street’s $35.91 billion projection.
This revenue performance represents an extraordinary 345.8% year-over-year increase. The stock subsequently retreated 6.7% on Friday with trading volume nearly doubling typical levels.
Mizuho elevated its price target from $1,150 to $1,375. Additional analysts issued upgrades, with Susquehanna setting a $2,000 target and Needham establishing a $1,650 objective. Among 39 analysts tracking the stock, 31 maintain Buy recommendations.
Vijay Rakesh, Mizuho analyst, projects robust memory demand continuing through 2027, primarily fueled by artificial intelligence applications. He designated Micron as a “key winner” within the semiconductor space.
Apple’s Tim Cook recently characterized the memory shortage as a “once in a century flood.” Elon Musk amplified his remarks, describing the capacity deficit as “insane.”
Digitimes research suggests HBM pricing could escalate to 2.5 times current 2026 levels during upcoming annual supply contract negotiations. These discussions typically occur each fall, aligning perfectly with Micron’s September 29 earnings release.
Oracle Well-Positioned for AI Market Expansion
Oracle completes Mizuho’s highlighted selections in the enterprise software category. Analyst Siti Panigrahi holds an Outperform rating with a $320 price target. Oracle shares declined 2.8% Wednesday to $142.50, before recovering 1.3% in Thursday’s premarket session.
Mizuho analysts highlighted Oracle’s comprehensive AI technology stack spanning database, infrastructure, and application layers as positioning the company advantageously for sustained AI adoption trends.
The firm projects AI-driven revenue streams will propel annual operating income growth of 34% through fiscal year 2030. Mizuho acknowledged Oracle will likely require additional capital raising to support its aggressive AI investment strategy.
Micron’s Q4 2026 guidance ranges from $30.00 to $32.00 earnings per share, exceeding current Wall Street consensus. All 25 analyst estimate revisions during the past 90 days have trended upward.
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