Analyst Aaron Rakers from Wells Fargo maintained a Buy rating on Micron (MU – Research Report) and keeping the price target at $130.00.
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Aaron Rakers has given his Buy rating due to a combination of factors surrounding Micron’s advancements and market positioning. Micron’s recent announcement of commencing sample shipments of its 36GB HBM4 12-High to key customers demonstrates their consistent execution of the technology roadmap. This new product leverages Micron’s advanced 1-beta DRAM process, offering significant improvements in power efficiency and performance over previous generations.
Furthermore, Micron’s strategic focus on expanding the HBM:DDR5 trade ratio and customizing logic base die with HBM4E+ indicates a strong potential for growth in the high-bandwidth memory market. The company has reported substantial revenue growth in its HBM segment, surpassing $1 billion in F2Q25, with expectations of continued growth in the coming quarters. These factors, combined with Micron’s target of achieving a DRAM-like HBM market share by the end of CY25, support the positive outlook and Buy rating.
According to TipRanks, Rakers is a top 100 analyst with an average return of 21.8% and a 64.42% success rate. Rakers covers the Technology sector, focusing on stocks such as Intel, Micron, and Nvidia.
In another report released yesterday, Citi also maintained a Buy rating on the stock with a $130.00 price target.