What are the short-term price targets set by analysts for MU?

The short-term price targets for Micron Technology (MU) vary, reflecting a range of perspectives among analysts. Here's a summary of the recent targets and insights:

1. Analyst Average Price Target: The current analyst average price target for MU is $146.37. This target is based on the average of current price targets set by analysts for the stock.

2. Recent Price Target Adjustments:
   • On June 26, 2025, some analysts adjusted their price targets, with increases ranging from 0.25% to 0.67%. This suggests that while the overall outlook may be positive, there is some level of caution among analysts due to market volatility.
   • Specifically, Wedbush increased its price target for MU to $150 from $130, maintaining an outperform rating. This indicates a more bullish stance, likely driven by positive trends in memory pricing and the company's strong earnings report.
3. Price Target Ranges and Ratings:
   • Stifel has reiterated its Buy rating and $130.00 price target for Micron, emphasizing the company's upcoming earnings report as a key event.
   • Morgan Stanley analyst Joseph Moore rates Micron as Equal Weight with a $98 price target, advising caution before the earnings release.
   • The mixed ratings and targets reflect the uncertainty surrounding the stock's short-term performance, given the recent surge in trading volume and market volatility.

In conclusion, the short-term price targets for MU range from $98 to $150, with the analyst average target suggesting a potential upside from the current price. However, the recent adjustments and ratings indicate that while there is optimism about Micron's long-term prospects, analysts are cautious due to market dynamics and upcoming earnings event.