Micron price target raised to $175 from $155 at Deutsche Bank

Deutsche Bank raised the firm’s price target on Micron (MU) to $175 from $155 and keeps a Buy rating on the shares ahead of the fiscal Q4 report on September 23. The firm upped estimates for the second time this quarter, saying DRAM supply should remain tight into 2026 driven by high bandwidth memory absorbing a significant amount of bit capacity. This should result in “healthy” price growth, driving Micron’s gross margins higher, the analyst tells investors in a research note. Deutsche believes concerns over recent high bandwidth memory pricing in 2026 are overblown.