Rosenblatt Raises Micron Price Target to $1,900
Rating
Buy
Price target
$1,900
Previous
$1,500
Upside at publication
+78%
Rosenblatt analyst Kevin Cassidy raised the price target on Micron Technology (NASDAQ: MU) to $1,900 (from $1,500) while maintaining a Buy rating.
“Micron delivered the anticipated beat-and-raise quarter, supported by strong demand and sequential ASP increases. We were surprised by management’s outlook for a deceleration of DRAM bit growth Y/Y.
The company expects industry DRAM bit growth to moderate to the low-20% range in CY27 and CY28, from the mid-20% range in CY26, reflecting the greater complexity of HBM production and its faster bit growth relative to conventional DRAM.”
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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.
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