Micron (MU) Price Target Raised on Tight Memory Supply Through 2026

Core Viewpoint - Micron Technology, Inc. is gaining attention on Wall Street, with analysts maintaining a positive outlook and increasing price targets due to strong pricing power and tight supply conditions [1][2]. Group 1: Analyst Ratings and Price Targets - Piper Sandler has maintained an Overweight rating on Micron and raised its price target to $400 from $275, indicating strong confidence in the stock's future performance [1]. - Analysts are optimistic about Micron's pricing power, driven by tight memory supply and the high-value positioning of products like HBM4, expecting benefits to last at least through the end of 2026 [2]. Group 2: Supply and Demand Dynamics - Supply for calendar 2026 is effectively sold out, with limited capacity to add new supply, which is expected to support pricing for high-value products [3]. - Micron is projected to increase supply by approximately 20% in 2026 compared to 2025, driven by node transitions and efforts to enhance supply [4]. - The company is well-positioned as demand is anticipated to continue outpacing supply, with all indicators suggesting a strong year ahead [3][4].