Analyst Aaron Rakers of Wells Fargo maintained a Buy rating on Micron (MU – Research Report), with a price target of $130.00.
Aaron Rakers has given his Buy rating due to a combination of factors including Micron’s recent actions and market conditions. The company is reportedly increasing prices in response to stronger-than-expected demand across various business segments, which is a positive indicator for its financial performance. This price hike is part of a broader trend in the industry, with other major players like SanDisk and China’s YMTC also planning similar increases, suggesting a tightening market.
Furthermore, Micron’s strategic decisions, such as reducing NAND wafer starts and improving customer inventories, are expected to contribute to a better supply-demand balance in the second half of 2025. The company has also projected growth in bit shipments for both DRAM and NAND, driven by advancements in technologies like HBM, DDR5, and LPDDR5. These factors collectively support the expectation of improved financial metrics, justifying the Buy rating.
According to TipRanks, Rakers is a top 100 analyst with an average return of 20.2% and a 58.32% success rate. Rakers covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Micron, and Seagate Tech.
In another report released on March 24, DBS also maintained a Buy rating on the stock with a $149.00 price target.