Stifel Micron · MU

Stifel Raises Micron Price Target to $195

Analyst: Brian Chin 1 min read Reproduced verbatim
Rating
Buy
Target
$195
from $173 (+13%)
Outcome
Reached
on October 8, 2025
Stifel and Micron logos

What the analyst said

Stifel analyst Brian Chin raised the price target on Micron Technology (NASDAQ: MU) to $195 (from $173) while maintaining a Buy rating.

“Micron F4Q(Aug) results exceeded guidance, which the company raised last month. Mix was a key factor, with QQ growth led by hyperscale demand for high-value DRAM products.

Cloud and enterprise server demand for NAND data storage has subsequently improved.

On broadening demand, Micron guided F1Q(Nov) well above ours/consensus estimates (including GMs +580bps to 51.5%), reflecting favorable mix and pricing leverage.

Yet we view the size/significance and margin structure of Micron’s cloud/hyperscale memory segment (newly disclosed) as the main story here.

Cloud memory was 40% of F4Q sales on 59% GMs, and combined with enterprise OEM datacenter was mid-50% of sales on mid-50% GMs.

We believe these disclosures will help investors better appreciate the structural shift in Micron’s revenue composition (majority datacenter now, not consumer).

Following our estimate increases we increase our price target to $195, or 12x our new FY26 EPS.”

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 $195 target is 87% below the median, the lowest on the Street.

Since the note MU has moved +315% (from $166). The 12-month window closed on September 24, 2026.

Track record

This call✓ Target reached on October 8, 2025, 14 days 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 March 21, 2025 to December 18, 2025. The target went from $130 to $300 (+131%). The rating stayed Buy.

Stifel targetMU share price
  1. December 18, 2025Kept the $300 targetBuy$300
  2. December 12, 2025Target raised from $195 (+54%)Buy$300
  3. September 24, 2025 This noteTarget raised from $173 (+13%)Buy$195
  4. September 22, 2025Target raised from $145 (+19%)Buy$173
  5. August 11, 2025Kept the $145 targetBuy$145
  6. June 26, 2025Target raised from $130 (+12%)Buy$145
  7. June 20, 2025Kept the $130 targetBuy$130
  8. March 21, 2025Earliest call shownBuy$130
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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.