Micron price target raised to $165 from $135 at JPMorgan

JPMorgan raised the firm’s price target on Micron (MU) to $165 from $135 and keeps an Overweight rating on the shares. The company reported “solid” May quarter results and provided a “strong” outlook for the August quarter, the analyst tells investors in a research note. The strong performance was driven by strong demand in high bandwidth memory and datacenter, alongside growth in consumer applications, the analyst tells investors in a research note. JPMorgan increased forward estimates and believes Micron’s share setup remains positive for the second half of 2025.