Stifel Micron · MU

Stifel Raises Micron Price Target to $360

Analyst: Brian Chin 1 min read Reproduced verbatim
Rating
Buy
Target
$360
from $300 (+20%)
Outcome
Reached
on March 26, 2026
Stifel and Micron logos

What the analyst said

Stifel analyst Brian Chin raised the price target on Micron Technology (NASDAQ: MU) to $360.00 (from $300.00) while maintaining a Buy rating.

“Opportunity for breathing room on its supply roadmap. Growth of AI cloud infrastructure has absorbed DRAM output leading to the current shortage.

To redirect more bit supply to cloud/enterprise customers, Micron has de-emphasized bit shipments to China and more recently to retail consumer (Crucial).

In the interim, Micron is dependent on node transitions (to 1-gamma) and optimization of its bit supply to drive revenue/margin expansion.

However, the acquisition of PSMC fab/site in Taiwan provides a structural outlet for more sustained supply growth from ~18months, onward.”

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 $360 target is 77% below the median, the lowest on the Street.

Since the note MU has moved +90% (from $363). 12-month window: day 292 of 365, closes on January 20, 2027.

Track record

This call✓ Target reached on March 26, 2026, 2 months after the note.

Firm track recordStifel: 83% of its 42 targets at least a year old were reached within 12 months (#6 of 26 firms); on Micron, 5 of 5. Accuracy ranking →

Stifel on Micron

Stifel price targets on Micron

8 calls from August 11, 2025 to June 18, 2026. The target went from $145 to $1,500 (+934%). The rating stayed Buy.

Stifel targetMU share price
  1. June 18, 2026Target raised from $550 (+173%)Buy$1,500
  2. March 2, 2026Target raised from $360 (+53%)Buy$550
  3. January 20, 2026 This noteTarget raised from $300 (+20%)Buy$360
  4. December 18, 2025Kept the $300 targetBuy$300
  5. December 12, 2025Target raised from $195 (+54%)Buy$300
  6. September 24, 2025Target raised from $173 (+13%)Buy$195
  7. September 22, 2025Target raised from $145 (+19%)Buy$173
  8. August 11, 2025Earliest call shownBuy$145
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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.