Micron price target raised to $200 from $160 at Susquehanna

Susquehanna analyst Mehdi Hosseini raised the firm’s price target on Micron (MU) to $200 from $160 and keeps a Positive rating on the shares. The firm expects the company report a beat and raise its outlook on September 23. While upside to the quarter may already be priced into the shares, the market has yet to fully reflect Micron’s potential for $20 in annualized earnings per share, the analyst tells investors in a research note. Susquehanna disagrees with investor concerns around a potential collapse in high bandwidth memory selling prices in 2026.