Stifel Micron · MU

Stifel Reiterates Buy on Micron, $130 Price Target

Analyst: Brian Chin 1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$130
Outcome
Reached
on September 5, 2025
Stifel and Micron logos

What the analyst said

Stifel analyst Brian Chin reiterated a Buy rating and $130 price target on Micron Technology (NASDAQ: MU).

“Micron reports earnings Thursday (post-close).

We expect the company to largely meet ours/consensus estimates for F2Q(Feb), though we did lower our F3Q(May) estimates to reflect lingering softness in memory pricing and less favorable shift in mix (toward consumer, from enterprise/ hyperscaler).”

“This is already known with management calling for a decline in F3Q GMs. Subsequent reporting is more upbeat, specifically prospects for improving NAND pricing starting in calendar 2Q.

We have also heard a few positives on memory demand (mainly originating from China) and macro-notwithstanding see F4Q(Aug) as the more likely point where key P&L metrics for Micron re-accelerate on more benignto- favorable pricing, seasonal/cyclical recovery in bit demand, and execution on its higher GM, HBM ramp (where we also expect positive updates).”

Disclaimer
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

MU trades at $690. The 27 analysts who set a target in the last 3 months range from $1,200 to $3,000, with a median of $1,540. This $130 target is 92% below the median, the lowest on the Street.

Since the note MU has moved +569% (from $103). The 12-month window closed on March 18, 2026.

Track record

This call✓ Target reached on September 5, 2025, 6 months after the note.

Firm track recordStifel: 83% of its 42 targets at least a year old were reached within 12 months (#6 of 26 firms); on Micron, 5 of 5. Accuracy ranking →

Stifel on Micron

Stifel price targets on Micron

8 calls from September 24, 2025 to October 1, 2026. The target went from $195 to $1,500 (+669%). The rating stayed Buy.

Stifel targetMU share price
  1. October 1, 2026Kept the $1,500 targetBuy$1,500
  2. September 21, 2026Kept the $1,500 targetBuy$1,500
  3. June 18, 2026Target raised from $550 (+173%)Buy$1,500
  4. March 2, 2026Target raised from $360 (+53%)Buy$550
  5. January 20, 2026Target raised from $300 (+20%)Buy$360
  6. December 18, 2025Kept the $300 targetBuy$300
  7. December 12, 2025Target raised from $195 (+54%)Buy$300
  8. September 24, 2025Earliest call shownBuy$195
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Other analysts on Micron

Bank of AmericaBuy Kept rating Oct 26 DA DavidsonBuy Kept rating and price target Oct 22 $3,000maintained CantorBuy Kept rating and price target Oct 20 $2,000maintained DA DavidsonBuy Raised price target +43%, kept rating Oct 7 $3,000from $2,100 BairdBuy Kept rating and price target Oct 2 $1,520maintained
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.