Stifel analyst Brian Chin raised the firm’s price target on Micron (MU) to $173 from $145 and keeps a Buy rating on the shares ahead of Tuesday’s earnings report. The firm expects bit-shipment growth for NAND in 2026 to accelerate and exceed expectations. Over the near-term, Micron should see sustained gross margin expansion due to the “significant drawdown” in memory inventory exiting the August quarter, the analyst tells investors in a research note. Stifel expects Micron to guide fiscal 2026 capex higher year-over-year, but less than revenue growth.
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