Analyst Lifts Micron Target to Street-High Ahead of Earnings
TL;DR Summary
Ahead of Micron Technology's Q2 FY26 earnings, Stifel analyst Brian Chin raised MU's price target to a street-high of $550 from $360, signaling about 35% upside. He argues memory pricing has risen faster than expected with tight supply and potential margin expansion in high-bandwidth memory (HBM) and DDR5 server memory, which could lift Micron's margins to the mid-to-upper 70% range by mid-2026 and support upward revisions to earnings estimates in coming quarters.
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