CLSA Micron · MU

CLSA Reiterates Outperform on Micron, $190 Price Target

Analyst: Sanjeev Rana 1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$190
Outcome
Reached
on October 6, 2025
CLSA and Micron logos

What the analyst said

CLSA analyst Sanjeev Rana reiterated an Outperform (2) rating and $190 price target on Micron Technology (NASDAQ: MU).

“Micron posted outstanding FY4Q results with revenue, gross margin & EPS all above the high end of its updated guidance as well as consensus, driven by robust pricing and strong demand across all end-markets.

Overall FY25 revenue grew 49% to $37.4bn, its gross margin expanded 17% ppts to 41% and its EPS was US$8.29 (up 538% YoY).

In FY1Q it expects price, cost and mix to contribute to strengthening gross margins in 1Q. At the midpoint, its revenue and EPS guidance were 5% and 20% ahead of consensus.

We maintain our O-PF 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 $656. 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 $190 target is 88% below the median, the lowest on the Street.

Since the note MU has moved +294% (from $166). The 12-month window closed on September 24, 2026.

Track record

This call✓ Target reached on October 6, 2025, 12 days after the note.

Firm track recordToo early to score CLSA: price targets are 12-month calls and fewer than 5 of its targets are a year old. 3 of its 9 open targets have already been reached. How we score

CLSA on Micron

CLSA price targets on Micron

3 calls from August 27, 2025 to October 2, 2026. The target went from $155 to $1,700 (+997%). The rating stayed Buy.

CLSA targetMU share price
  1. October 2, 2026Target raised from $190 (+795%)Buy$1,700
  2. September 24, 2025 This noteTarget raised from $155 (+23%)Buy$190
  3. August 27, 2025Earliest call shownBuy$155
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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.