Piper Sandler Raises Micron Price Target to $400

Piper Sandler analyst Harsh Kumar raised the price target on Micron Technology (NASDAQ: MU) to $400.00 (from $275.00) while maintaining an Overweight rating.

“Supply Tightness to Support Pricing Throughout 2026: As previously stated, supply for calendar 2026 is effectively sold out, with limited ability to add capacity.

Management noted pricing for high value products, such as HBM4, will be value derived. We continue to view the company as extremely well positioned as demand should continue to outstrip supply.

Overall, Micron appears to be extremely well-positioned throughout 2026 and, to some degree, beyond. All incremental signals point to a strong 2026. We reiterate our Overweight rating.”

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