Analyst Aaron Rakers from Wells Fargo maintained a Buy rating on Micron and increased the price target to $470.00 from $410.00.
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Aaron Rakers has given his Buy rating due to a combination of factors, including a significantly stronger earnings outlook and structurally higher profitability through the cycle. He projects Micron’s peak earnings per share to be markedly higher than before, underpinned by robust AI-driven demand, tightening supply dynamics, and a raised price target that implies further upside from current levels.
He also expects Micron to reinforce its competitive positioning in high-bandwidth memory, with accelerated HBM4 ramps, favorable pricing, and all 2026 output effectively spoken for. In addition, rising DRAM and NAND contract prices, expanding long-term agreements with key customers, and an anticipated increase in capacity investments support sustained growth visibility, giving him confidence in maintaining a positive stance on the stock.
In another report released on March 10, Citi also maintained a Buy rating on the stock with a $430.00 price target.
Based on the recent corporate insider activity of 84 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MU in relation to earlier this year.