Wolfe Raises Micron (MU) Price Target to $180, Citing AI Memory Tailwinds

Group 1 - Micron Technology, Inc. (NASDAQ:MU) has been recognized as one of the AI stocks making significant moves on Wall Street, with Wolfe reiterating an "Outperform" rating and raising the price target to $180 per share from $160 [1][2] - The price target of $180 is based on approximately 11 times the FY27 EPS of $16.43, reflecting an increase in revenue and earnings estimates for FY26 and FY27 [2] - The positive sentiment in NAND and DRAM pricing is attributed to HDD shortages and improved server trends, with FY26 revenue and EPS estimates raised to $49.5 billion and $13.13, respectively [2] Group 2 - Micron's stock has increased by 82% over the last twelve months, which is lower than SK Hynix's 114% rise but better than Samsung's 23% increase [2] - The company is trading at 9.7 times the FY27 EPS, which is below its average of 11 times over the past two years, indicating potential for valuation improvement [2] - Micron develops and sells memory and storage products for various applications, including data centers and mobile devices, positioning itself well in the growing AI market [2]