Micron price target raised to $140 from $84 at BofA

BofA analyst Vivek Arya raised the firm’s price target on Micron (MU) to $140 from $84 and keeps a Neutral rating on the shares, citing an improved DRAM and NAND outlook and continued HBM ramp following the company’s fiscal Q3 report and Q4 guidance. The firm raised its calendar year 2025-27 sales estimates by 4%-6% and EPS forecasts by 13%-23%, but adds that NAND pricing remains uncertain and startup cost headwinds to margins remain into calendar 2026, which it sees limiting visibility beyond the near-term.