Cantor Fitzgerald Raises Micron Price Target to $350

Cantor Fitzgerald analyst C.J.

Muse raised the price target on Micron Technology (NASDAQ: MU) to $350 (from $300) while maintaining an Overweight rating.

“with supply to remain tight for some time, look for Micron’s historically high GM of 68% (guide for Feb Q) to move higher throughout CY26, supporting our updated vision for stretch goal of $40-50 in CY26 EPS (vs. our updated actual model of $39).

As for re-rating, a mid- to high-single-digit multiple on peak EPS was the historical norm for Micron. Today, we see no reason why we cannot see peak multiple approaching the low teens territory.

All of which sets up for still meaningful upside for shares, notwithstanding shares already up +170% in CY25 YTD.

To this end, we are raising our price target to $350 (still only 9x our updated CY26E EPS vs. prior target $300) and reiterating our Overweight rating.

With 40+% upside potential, Micron remains a TOP PICK.”

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.