Micron Technology (MU) Analysts Adjust Targets on Valuation

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Micron Technology (MU)

Analyst Updates

Micron Technology received a notable boost in analyst sentiment, with two major firms significantly raising their price targets, underscoring improving confidence in the company’s medium-term outlook.

KeyCorp increased its 12-month price target on Micron to $450 from $325 while reiterating an Overweight rating. Analysts see a stronger earnings trajectory driven by tightening memory supply, firmer pricing across DRAM and NAND markets, and accelerating demand linked to artificial intelligence and data-center investment. KeyCorp’s update suggests greater visibility into margin expansion as Micron benefits from improved industry discipline and higher-value product mix.

Bank of America also lifted its 12-month price target to $400 from $300 and maintained their Buy rating. Analysts highlighted Micron’s leverage to an improving memory cycle, expectations for sustained pricing recovery, and the company’s strategic positioning in high-bandwidth memory used in AI workloads. Despite recent share price volatility, Bank of America emphasized that Micron’s fundamentals continue to strengthen, supporting further upside as earnings momentum builds.

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