Barclays and Wells Fargo Lift Price Targets on Micron Technology (MU)

Micron Technology, Inc. (NASDAQ:MU) is one of the best strong buy growth stocks to buy according to hedge funds. On January 15, Barclays lifted the price target on Micron Technology, Inc. (NASDAQ:MU) to $450 from $275 and maintained an Overweight rating on the shares, telling investors that it adjusted price targets and ratings on the semiconductors and semiconductor capital equipment group to reflect its 2026 outlook. It expects the AI theme to be the key driver of stock performance in 2026, and thus is inclined towards stocks “centric to the pillars of the AI ramp”, stating that quality will “ultimately rise to the top in a year sure to be mired with debate on how much of this opportunity can actually deploy.”

In addition to Barclays, Wells Fargo also raised the price target on Micron Technology, Inc. (NASDAQ:MU) to $410 from $335 on the same day and reiterated an Overweight rating on the shares. The firm stated that it updated its bottom-up Semi industry model and took into account key themes ahead, highlighting AI token-driven supply/demand models, WFE die-to-wafer models, and Industrial and Electrical leading AI indicators.

Micron Technology, Inc. (NASDAQ:MU) provides innovative memory and storage solutions. Its operations are divided into the following segments: Compute and Networking Business Unit (CNBU), Mobile Business Unit (MBU), Embedded Business Unit (EBU), and Storage Business Unit (SBU).

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.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.