Why JPMorgan Is Sticking With Micron (MU) Stock for the Long Haul

Micron Technology, Inc. (NASDAQ:MU) is one of the Trending AI Stocks on Wall Street. On August 12, JPMorgan reiterated the stock as “Overweight,” stating that it is sticking with Micron following its preannouncement on Monday and raised its price target to $185 per share from $165.

“Overall, the team believes they are well positioned for FY26 and CY26. With solid cost execution and improving supply/demand fundamentals, we anticipate continued improvement in gross margin (GM) and earnings power in 2025 and into 2026. We are increasing our estimates and increasing our PT from $165 to $185. We maintain our OW rating.”

Micron Technology, Inc. (NASDAQ:MU) develops and sells memory and storage products for data centers, mobile devices, and various industries worldwide.

While we acknowledge the potential of MU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.