Analysts Stay Bullish on Micron Technology (MU)

Core Viewpoint - Micron Technology, Inc. (NASDAQ:MU) is recognized as one of the best aggressive growth stocks, with analysts maintaining a positive outlook on its performance and market position, particularly in the high bandwidth memory (HBM) sector [1][5]. Group 1: Analyst Ratings and Price Targets - Mizuho analyst Vijay Rakesh reiterated an Outperform rating on Micron with a price target of $265 following discussions with company executives [1]. - Wells Fargo analyst Aaron Rakers raised the price target for Micron from $220 to $300, maintaining an Overweight rating after meetings with the CEO and other executives [5]. Group 2: Demand and Market Trends - Demand for high bandwidth memory (HBM) is expected to remain strong through 2026 and 2027, with approximately 40% of Micron's DRAM business projected to see revenue and margin improvements in the February quarter due to favorable pricing trends [2]. - The NAND flash memory business is experiencing disciplined capital expenditure, while demand for AI server applications is increasing for QLC enterprise solid-state drives (eSSDs) [4]. Group 3: Product Innovations and Roadmap - Mizuho is optimistic about Micron's HBM roadmap, which includes AI-specialized HBM4e and custom HBM solutions, expected to enhance DRAM content and pricing [3]. - Micron is recognized for its innovative memory and storage solutions, offering a range of high-performance DRAM, NAND, and NOR products [6].