Micron price target raised to $350 from $300 at Cantor Fitzgerald

Cantor Fitzgerald analyst C.J. Muse raised the firm’s price target on Micron (MU) to $350 from $300 and keeps an Overweight rating on the shares. Micron’s February-quarter guidance exceeded consensus by $4.4B, implying an annualized EPS of about $34 for just that quarter, well above prior CY26 expectations, the analyst tells investors in a research note. With conservative DRAM supply following past corrections and AI-driven demand boosting HBM and D5 markets, supply constraints are expected through CY26, while Micron now forecasts the HBM market reaching $100B by CY28, two years earlier than previously projected, the firm says.