Micron price target raised to $200 from $150 at Needham

Needham raised the firm’s price target on Micron (MU) to $200 from $150 and keeps a Buy rating on the shares. The company delivered another solid beat and a strong raise driven by continued demand in Data Center along with improvements in other end markets, the analyst tells investors in a research note. Micron also raised its total server and traditional server unit growth rates for 2025 while noting that its gross margin heading into FY26 is tracking above expectations due to increased pricing, favorable mix, and cost reductions, the firm added.