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Morgan Stanley Initiates Coverage on Mirion Technologies, Sets PT at $29

Technologies, Inc. (NYSE:MIR) is one of the 11 Best Stocks to Buy for Investment.

Over the past year, as of January 27, Mirion Technologies, Inc. (NYSE:MIR) shares have soared over 73%. Of the 9 analysts covering MIR, 89% rate the stock a Buy, while 11% rate it a Hold. MIR has a median price target of $29, which implies an upside potential of almost 14%.

On January 23, TheFly reported that Morgan Stanley initiated coverage of Mirion Technologies, Inc. (NYSE:MIR) with an Equal Weight rating, setting the price target at $29.

Christopher Snyder at Morgan Stanley initiated coverage of MIR, believing the company will benefit from additional global nuclear power generation capacity driven by growing data centers and rapid adoption of new technologies. Snyder pointed out that Wall Street is ‘well-calibrated for this optimism’ and ‘positive revisions will be hard to come by,’ keeping in mind MIR’s ‘premium valuation.’

TimesSquare Capital U.S. Small Cap Growth Strategy stated the following regarding Mirion Technologies, Inc. (NYSE:MIR) in its third quarter 2025 investor letter:

Joining the strategy this quarter was Mirion Technologies, Inc. (NYSE:MIR), which manufactures radiation detection, measurement, and monitoring products serving nuclear power and medical applications. Its nuclear power solutions are used in over 95% of the world’s nuclear reactors while its medical products have a presence in 80% of the world’s cancer centers. The recent acquisition of Paragon Energy Solutions provides Mirion with additional safety-related offerings for nuclear power plants and provides Mirion with greater relevance to the small modular reactor (SMR) market via design wins with well-capitalized SMR manufacturers.

Mirion Technologies, Inc. (NYSE:MIR) offers radiation detection, measurement, analysis, and monitoring products and services globally. The company operates via two segments: Medical and Nuclear & Safety.

While we acknowledge the potential of MIR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MIR and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best New Penny Stocks to Invest In and 13 Best Gold Mining Companies to Invest In Now.

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

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