Barclays and Wells Fargo Lift Price Targets on Micron Technology (MU)

Core Viewpoint - Micron Technology, Inc. (NASDAQ:MU) is identified as a strong buy growth stock by hedge funds, with significant price target increases from major financial institutions, reflecting a positive outlook driven by AI developments in 2026 [1][2]. Group 1: Price Target Adjustments - Barclays raised the price target for Micron Technology to $450 from $275, maintaining an Overweight rating, indicating confidence in the stock's performance due to AI-related growth [1]. - Wells Fargo also increased its price target for Micron to $410 from $335, reiterating an Overweight rating and highlighting key themes in the semiconductor industry [2]. Group 2: Industry Outlook - The semiconductor and semiconductor capital equipment sectors are expected to benefit from AI-driven supply and demand models, which are central to the industry's future performance [2]. - The focus on AI is anticipated to be a key driver for stock performance in 2026, with an emphasis on quality stocks that align with AI advancements [1]. Group 3: Company Segments - Micron Technology operates through several business units: Compute and Networking Business Unit (CNBU), Mobile Business Unit (MBU), Embedded Business Unit (EBU), and Storage Business Unit (SBU), which collectively contribute to its innovative memory and storage solutions [3].