Mizuho Securities released its top picks list for July on Thursday, adding five new names across different sectors. The picks include Robinhood Markets, Erasca, EyePoint, Encompass Health, and Corteva.
Robinhood stock rose 8.4% on Wednesday and was up another 3% in premarket trading Thursday, reaching $111.99. Mizuho analyst Dan Dolev gave it an Outperform rating with a $115 price target.
Dolev said Robinhood has “captured the zeitgeist of a generation” and continues to roll out new products. He pointed to international expansion, prediction markets, and futures trading as key growth drivers.
Mizuho also said Robinhood’s acquisition of TradePMR helps address concerns that users might leave the platform for traditional financial advisors.
Micron is Mizuho’s top pick in the chip sector. The stock surged over 15% on June 24 after reporting Q3 earnings per share of $25.11, beating estimates of $20.98. Revenue came in at $41.46 billion, well above the $35.91 billion Wall Street expected.
That revenue figure represents a 345.8% increase from the same quarter last year. Micron then pulled back 6.7% on Friday on nearly double its average trading volume.
Mizuho raised its price target from $1,150 to $1,375. Other analysts followed with upgrades, including Susquehanna at $2,000 and Needham at $1,650. Of 39 analysts covering the stock, 31 have a Buy rating.
Analyst Vijay Rakesh said memory demand is expected to stay strong through 2027, driven mostly by AI. He called Micron a “key winner” in the sector.
Apple CEO Tim Cook recently described the memory shortage as a “once in a century flood.” Elon Musk reposted his comments calling the capacity gap “insane.”
A report from Digitimes projects HBM prices could reach 2.5 times 2026 levels in the next round of annual supply negotiations. Those talks happen every autumn, and Micron’s next earnings on September 29 lands right in that window.
Oracle rounds out Mizuho’s standout picks in the software sector. Analyst Siti Panigrahi has an Outperform rating with a $320 price target. Oracle stock fell 2.8% on Wednesday to $142.50, then rose 1.3% in premarket Thursday.
Mizuho said Oracle’s end-to-end AI stack across database, infrastructure, and applications makes it well placed for long-term AI adoption.
The firm forecasts AI revenue will drive annual operating income growth of 34% through fiscal 2030. Mizuho did note Oracle will likely need to raise more capital to fund that AI spending.
Micron’s Q4 2026 guidance sits at $30.00 to $32.00 earnings per share, above Wall Street expectations. All 25 analyst revisions over the past 90 days have been upward.
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