Positive Outlook for Micron: Buy Rating Supported by Strong DRAM Demand and Strategic Positioning

In a report released today, Brian Chin from Stifel Nicolaus maintained a Buy rating on Micron (MU – Research Report), with a price target of $130.00.

Brian Chin has given his Buy rating due to a combination of factors that indicate a positive outlook for Micron’s performance. The company is expected to benefit from increased bit shipments, driven by a pull-forward in PC and phone production, which remains unaffected by higher tariffs. This demand, coupled with strong DRAM demand and anticipated price increases, contributes to an optimistic revenue forecast for the upcoming quarters.
Furthermore, Micron’s strategic positioning in the high-bandwidth memory (HBM) market, where it is expected to gain market share, supports the Buy rating. The company is also poised to benefit from a favorable pricing environment, particularly in DRAM, and a potential recovery in NAND prices. These factors, alongside a projected improvement in gross margins, underpin the positive recommendation for Micron’s stock.

In another report released today, Wells Fargo also maintained a Buy rating on the stock with a $150.00 price target.