KeyBanc Micron · MU

KeyBanc Raises Micron Price Target to $215

September 24, 2025 Analyst: John Vinh 1 min read Reproduced verbatim
Rating
Buy
Target
$215
from $160 (+34%)
Outcome
Reached
on October 24, 2025
KeyBanc and Micron logos

What the analyst said

KeyBanc analyst John Vinh raised the price target on Micron Technology (NASDAQ: MU) to $215 (from $160) while maintaining an Overweight rating.

“MU reported strong F4Q results / F1Q guidance, which well exceeded expectations.

Results were mostly driven by strong DRAM pricing, which increased LDD%, while F1Q GM is expected to increase to 51.5% (+580 bps).

HBM revs approached $2B, growing ~30% q/q.

Addressing concerns, MU noted it has pricing agreements with almost all customers in 2026 for HBM3E and indicated its HBM4 is able to achieve higher bandwidth/speed requirements and on track to support customer ramps in 2026.

We’re encouraged with these results and as such are raising ests and our PT to $215. Maintain Overweight.”

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 $896. 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 $215 target is 86% below the median, the lowest on the Street.

Since the note MU has moved +438% (from $166). The 12-month window closed on September 24, 2026.

Track record

This call✓ Target reached on October 24, 2025, 30 days after the note.

Firm track recordKeyBanc: 80% of its 10 targets at least a year old were reached within 12 months (#18 of 28 firms); on Micron, 2 of 2. Accuracy ranking →

KeyBanc on Micron

KeyBanc price targets on Micron

8 calls from June 26, 2025 to July 20, 2026. The target went from $160 to $1,750 (+994%). The rating stayed Buy.

KeyBanc targetMU share price
  1. July 20, 2026Kept the $1,750 targetBuy$1,750
  2. July 14, 2026Target raised from $1,600 (+9%)Buy$1,750
  3. June 25, 2026Target raised from $600 (+167%)Buy$1,600
  4. March 19, 2026Target raised from $450 (+33%)Buy$600
  5. January 13, 2026Target raised from $325 (+38%)Buy$450
  6. December 18, 2025Target raised from $215 (+51%)Buy$325
  7. September 24, 2025 This noteTarget raised from $160 (+34%)Buy$215
  8. June 26, 2025Earliest call shownBuy$160
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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.