Needham analyst Quinn Bolton maintained a Buy rating on Micron today and set a price target of $200.00.
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Quinn Bolton has given his Buy rating due to a combination of factors that highlight Micron’s strong market position and growth potential. The company has shown impressive performance with a significant beat in gross margins, driven by robust demand in the Data Center sector and improvements across various end markets.
Additionally, the AI demand environment remains strong, with Micron’s HBM revenue seeing substantial growth. The company anticipates that its 2026 HBM supply will be sold out soon, indicating strong future demand. Furthermore, the DRAM supply is tightening, which, along with increased pricing and cost reductions, positions Micron favorably in the market. These factors contribute to an increased price target of $200, reflecting confidence in the company’s future performance.
In another report released today, KGI Securities also upgraded the stock to a Buy with a $196.00 price target.
Based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MU in relation to earlier this year.