Micron price target raised to $525 from $345 at Susquehanna

Susquehanna analyst Mehdi Hosseini raised the firm’s price target on Micron (MU) to $525 from $345 and keeps a Positive rating on the shares. The firm updated its model heading into the company’s results. They are raising estimates and initiating 2028 forecasts to reflect stronger pricing trends; DRAM and NAND ASPs quarter-to-date are tracking meaningfully above the firm’s January expectations and this trend is expected to sustain into 2Q26. There are also diverging ASP trajectories as they expect DRAM ASPs to outperform NAND in 1H26 but underperform in 2H26.