Micron price target raised to $250 from $200 at Rosenblatt

Rosenblatt raised the firm’s price target on Micron (MU) to $250 from $200 and keeps a Buy rating on the shares. The company exceeded the upwardly revised fiscal Q4 estimates and issued strong November guidance, the analyst tells investors in a research note. Micron is selling higher-margin products, raising prices, and reducing costs, and this will continue through fiscal 2026 as constrained wafer supply struggles to meet rising demand across all end markets, the analyst tells investors in a research note.