KeyBanc Raises Micron Price Target to $450

KeyBanc analyst John Vinh raised the price target on Micron Technology (NASDAQ: MU) to $450.00 (from $325.00) while maintaining an Overweight rating.

“MU (positive, Overweight, increasing PT to $450 from $325) – We believe this cycle is different this time and will be stronger for longer.

Greenfield capacity not expected to come online until mid-2027 at the earliest.

We are not changing ests, as our ests remain well above cons with our FY27 (Aug) rev/EPS ests at $94.4B/$45.20, while the Street is at $89.6B/$40.88.”

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.