In a report released today, Tristan Gerra from Robert W. Baird maintained a Buy rating on Micron, with a price target of $200.00.
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Tristan Gerra has given his Buy rating due to a combination of factors that indicate a favorable outlook for Micron. The company is experiencing strong demand driven by data centers, which is contributing to a rise in pricing and an expansion of gross margins. Micron’s execution in ramping up high-margin, AI-related memory architectures such as HBM and LPDDR5 is noteworthy, and the supply chain feedback suggests that the current memory upcycle will persist into 2026.
Additionally, Micron’s HBM capacity is expected to be fully utilized soon, with price agreements already in place for most of its HBM3E supply for 2026. The company is also planning to increase its capital expenditure in 2026 to support DRAM construction. Micron’s recent financial performance, with a significant increase in revenue and gross margin, supports the positive outlook, and its future guidance exceeds previous estimates, further justifying the Buy rating.
In another report released today, KGI Securities also upgraded the stock to a Buy with a $196.00 price target.