JP Morgan Micron · MU

JPMorgan Lowers Micron Price Target to $135

March 21, 2025 Analyst: Harlan Sur 1 min read Reproduced verbatim
Rating
Buy
Target
$135
from $145 (−7%)
Outcome
Reached
on September 9, 2025
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What the analyst said

JPMorgan analyst Harlan Sur lowered the price target on Micron Technology (NASDAQ: MU) to $135 (from $145) while maintaining an Overweight rating.

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 $905. 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 $135 target is 91% below the median, the lowest on the Street.

Since the note MU has moved +779% (from $103). The 12-month window closed on March 21, 2026.

Track record

This call✓ Target reached on September 9, 2025, 6 months after the note.

Firm track recordJP Morgan: 56% of its 16 targets at least a year old were reached within 12 months (#26 of 28 firms); on Micron, 4 of 4. Accuracy ranking →

JP Morgan on Micron

JP Morgan price targets on Micron

8 calls from March 21, 2025 to September 28, 2026. The target went from $135 to $1,540 (+1041%). The rating stayed Buy.

JP Morgan targetMU share price
  1. September 28, 2026Kept the $1,540 targetBuy$1,540
  2. June 25, 2026Target raised from $550 (+180%)Buy$1,540
  3. March 19, 2026Target raised from $350 (+57%)Buy$550
  4. December 18, 2025Target raised from $220 (+59%)Buy$350
  5. September 24, 2025Target raised from $185 (+19%)Buy$220
  6. August 12, 2025Target raised from $165 (+12%)Buy$185
  7. June 26, 2025Target raised from $135 (+22%)Buy$165
  8. March 21, 2025 This noteEarliest call shownBuy$135
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Other analysts on Micron

DA DavidsonBuy Raised price target +43%, kept rating · Oct 7 $3,000from $2,100 BairdBuy Kept rating and price target · Oct 2 $1,520maintained CLSABuy Kept rating and price target · Oct 2 $1,700maintained Freedom BrokerBuy Kept rating and price target · Oct 1 $1,600maintained BernsteinBuy Kept rating and price target · Oct 1 $1,300maintained
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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.