Wells Fargo Micron · MU

Wells Fargo Raises Micron Price Target to $550

Analyst: Aaron Rakers 1 min read Reproduced verbatim
Rating
Overweight
Target
$550
from $470 (+17%)
Outcome
Reached
on May 4, 2026
Wells Fargo and Micron logos

What the analyst said

Wells Fargo analyst Aaron Rakers raised the price target on Micron Technology (NASDAQ: MU) to $550.00 (from $470.00) while maintaining an Overweight rating.

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 $656. 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 $550 target is 64% below the median, the lowest on the Street.

Since the note MU has moved +42% (from $462). 12-month window: day 231 of 365, closes on March 19, 2027.

Track record

This call✓ Target reached on May 4, 2026, 2 months after the note.

Firm track recordWells Fargo: 65% of its 34 targets at least a year old were reached within 12 months (#21 of 26 firms); on Micron, 4 of 4. Accuracy ranking →

Earnings reactionOne of 17 notes after Micron’s Mar 18 results: 16 raised · 0 cut · 1 kept. See every call →

Wells Fargo on Micron

Wells Fargo price targets on Micron

8 calls from September 24, 2025 to July 6, 2026. The target went from $220 to $1,525 (+593%). The rating stayed Buy.

Wells Fargo targetMU share price
  1. July 6, 2026Kept the $1,525 targetBuy$1,525
  2. June 25, 2026Target raised from $550 (+177%)Buy$1,525
  3. March 19, 2026 This noteTarget raised from $470 (+17%)Buy$550
  4. March 12, 2026Target raised from $410 (+15%)Buy$470
  5. January 15, 2026Target raised from $335 (+22%)Buy$410
  6. December 18, 2025Target raised from $300 (+12%)Buy$335
  7. November 7, 2025Target raised from $220 (+36%)Buy$300
  8. September 24, 2025Earliest call shownBuy$220
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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.