JPMorgan analyst Harlan Sur raised the firm’s price target on Micron (MU) to $550 from $350 and keeps an Overweight rating on the shares. The company’s results “were strong and guidance was even better,” the analyst tells investors in a research note. The firm says Micron’s AI-driven demand and structural supply tightness continue to drive pricing power beyond expectations. JPMorgan believes the company’s fundamental setup will remain favorable through 2026 and into 2027. The stock’s risk/reward is skewed to the upside, contends the firm.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MU:
- Micron price target raised to $500 from $400 at BofA
- Micron price target raised to $600 from $450 at KeyBanc
- Micron Stock (MU) Is Down 6% Today – But Barclays Assigns a New ‘Street-High’ Price Target after Q2 Earnings
- SanDisk price target raised to $875 from $750 at Citi
- Micron price target raised to $510 from $430 at Citi