Oracle, Micron, Airbnb Among Mizuho's Top Tech Stock Selections

Mizuho has released its top U.S. technology stock picks, identifying seven companies the firm believes are well-positioned to capitalize on major trends such as artificial intelligence adoption, cloud migration, and evolving consumer behaviors. The selections, all carrying "Outperform" ratings from the firm, span the internet, fintech, software, semiconductor, and business services sectors.

AI and Enterprise Software Picks

Mizuho's analysis points to several companies set to gain from the enterprise-level adoption of AI and cloud computing.

• Oracle (ORCL): The firm sees AI driving significant growth for Oracle's cloud infrastructure (OCI), noting its $638 billion in remaining performance obligations. Mizuho set a price target of $320.
• Micron Technology (MU): Identified as a key beneficiary of strong AI-driven memory demand, Mizuho highlighted potential pricing tailwinds, with NAND contract prices potentially rising over 400% year-over-year. The price target is $1,375.
• S&P Global (SPGI): Mizuho emphasized the quality of its credit rating agency and expects AI to be a catalyst for unlocking the value of the company's vast data assets. The firm's price target is $554.
• Atlassian (TEAM): The analysis suggests Atlassian's push toward cloud-only products will accelerate customer migrations. Mizuho also views the platform as resilient to AI disruption due to its large non-technical user base, setting a price target of $145.

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Focus on Consumer and Travel Tech

The firm also spotlighted companies it believes are capitalizing on shifts in consumer finance and travel patterns.

• Airbnb (ABNB): Mizuho believes investors are underappreciating the company's hotel market opportunity, which it estimates could add 2 percentage points to growth in 2027. The price target is $175.
• Trip.com Group (TCOM): The firm is constructive on the travel company's position to capture domestic, outbound, and inbound travel opportunities related to China. The price target is $65.
• Robinhood Markets (HOOD): Mizuho highlighted the fintech's engaged user base and rapid product development, including its Gold Card and retirement accounts. The firm sees international expansion as a key future catalyst, assigning a price target of $115.