Micron Technology (MU) Price Targets Raised by Analysts

Micron Technology, Inc. (NASDAQ:MU) is one of the 15 Best Performing AI Stocks Heading into 2026. On November 24, Morgan Stanley reiterated its Buy rating on Micron Technology, Inc. (NASDAQ:MU) and raised the price target from $325 to $338.

In other news, on November 17, Rosenblatt increased its price target on Micron Technology, Inc. (NASDAQ:MU) from $250 to $300 and kept its Buy rating on the stock.

Rosenblatt noted that demand for DRAM is growing. However, the DRAM supply growth is expected to be limited through 2026. The research firm pointed out that the demand for DRAM is increasing, driven by AI accelerators requiring High Bandwidth Memory (HBM) and AI models being deployed at the network edge, including smartphones and PCs.

The research firm observed that prices for DRAM and NAND are rising faster than previously expected. This led Rosenblatt to raise its financial projections for Micron Technology, Inc. (NASDAQ:MU).

Previously, on November 7, Wells Fargo also increased its price target on Micron Technology, Inc. (NASDAQ:MU) to $300 from $220 and maintained an Overweight rating. This update came after meetings with the company’s CEO, Sanjay Mehrotra and Executive Vice President of Global Operations, Manish Bhatia.

Wells Fargo pointed out that the meetings confirmed the firm’s positive view of Micron Technology, Inc.’s (NASDAQ:MU) strong market position, solid execution, and the outlook for the memory industry.

Micron Technology, Inc. (NASDAQ:MU) is a leading semiconductor technology company that is known for its innovative memory and storage solutions. The company offers a portfolio of high-performance DRAM, NAND, and NOR memory and storage products.

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. This article is originally published at Insider Monkey.