Wolfe Research Micron · MU

Wolfe Research Raises Micron Price Target to $300

Analyst: Chris Caso 1 min read Reproduced verbatim
Rating
Outperform
Target
$300
from $200 (+50%)
Outcome
Reached
on January 2, 2026
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What the analyst said

Wolfe Research analyst Chris Caso raised the price target on Micron Technology (NASDAQ: MU) to $300 (from $200) while maintaining an Outperform rating.

“Reiterate Outperform rating and increasing price target to $300. Our $300 price target is based on ~10x our CY27 upside case EPS of ~$30.

We raise our MU estimates for NovQ/FebQ and out years, to reflect better than expected pricing trends, driven by better server demand and stability in handset/PC.

While the stock has continued to move higher, following pricing trends, we see an upside case to $30 earnings power driven by a strong HBM ramp in CY27, creating a path for continued upside in the stock.”

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 $300 target is 81% below the median, the lowest on the Street.

Since the note MU has moved +187% (from $240). 12-month window: day 340 of 365, closes on December 2, 2026.

Track record

This call✓ Target reached on January 2, 2026, 31 days after the note.

Firm track recordWolfe Research: 91% of its 11 targets at least a year old were reached within 12 months; on Micron, 4 of 4. Accuracy ranking →

Wolfe Research on Micron

Wolfe Research price targets on Micron

8 calls from June 26, 2025 to March 11, 2026. The target went from $160 to $500 (+213%). The rating stayed Buy.

Wolfe Research targetMU share price
  1. March 11, 2026Target raised from $350 (+43%)Buy$500
  2. December 18, 2025Target raised from $300 (+17%)Buy$350
  3. December 2, 2025 This noteTarget raised from $200 (+50%)Buy$300
  4. September 24, 2025Target raised from $180 (+11%)Buy$200
  5. September 17, 2025Target raised from $160 (+13%)Buy$180
  6. August 18, 2025Kept the $160 targetBuy$160
  7. August 11, 2025Kept the $160 targetBuy$160
  8. June 26, 2025Earliest call shownBuy$160
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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.