Core Viewpoint - Needham analyst raised Micron Technology, Inc.'s price target from $380 to $450 while maintaining a Buy rating, citing sustained tightening in the memory market and upward pricing trends [1] Group 1: Analyst Ratings and Price Targets - Needham analyst N. Quinn Bolton increased Micron's price target to $450, maintaining a Buy rating [1] - Morgan Stanley analyst Joseph Moore also reiterated a Buy rating on Micron with a price target of $450 [2] Group 2: Market Conditions and Demand - The tightening in the memory market is allowing memory pricing to continue its upward trend [1] - Substantial capital expenditures by hyperscalers and a shift towards larger reasoning models are driving demand for high-performance memory and storage solutions [1] - Micron's Executive Vice President of Operations described the shortage in memory chips as "unprecedented" [2] - Micron's AI memory semiconductors are fully booked for 2026 [2] Group 3: Company Background - Micron Technology, Inc. is a major U.S.-based manufacturer of memory and storage solutions, founded in 1978 and headquartered in Idaho [3]