Piper Sandler raised the firm’s price target on Micron (MU) to $400 from $275 and keeps an Overweight rating on the shares. The firm highlights that supply for calendar 2026 is effectively sold out, with limited ability to add capacity. Management noted pricing for high value products, such as HBM4, will be value derived. Piper continues to view the company as extremely well positioned as demand should continue to outstrip supply.
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