Micron Technology (MU) Price Targets Raised by Analysts

Core Insights - Micron Technology, Inc. (NASDAQ:MU) is recognized as one of the 15 best-performing AI stocks heading into 2026, with analysts raising price targets due to strong demand for DRAM and rising prices [1][2][3] Group 1: Analyst Ratings and Price Targets - Morgan Stanley reiterated its Buy rating on Micron Technology and raised the price target from $325 to $338 [1] - Rosenblatt increased its price target from $250 to $300 while maintaining a Buy rating, citing growing demand for DRAM driven by AI applications [1][2] - Wells Fargo raised its price target from $220 to $300 and maintained an Overweight rating after positive meetings with company executives [3][4] Group 2: Market Demand and Supply Dynamics - Demand for DRAM is increasing, particularly due to AI accelerators requiring High Bandwidth Memory (HBM) and the deployment of AI models at the network edge [2] - The supply growth of DRAM is expected to be limited through 2026, which may contribute to rising prices [2] - Prices for DRAM and NAND are rising faster than previously expected, prompting analysts to adjust financial projections for Micron Technology [3] Group 3: Company Overview - Micron Technology is a leading semiconductor technology company known for its innovative memory and storage solutions, including high-performance DRAM, NAND, and NOR products [4] - The company has a strong market position and solid execution, which supports a positive outlook for the memory industry [4]