Analyst Boosts Micron Price Target to $160

Wolfe Research analyst Chris Caso reiterated a Buy rating on Micron with a price target of $160.00. Micron's shares opened at $121.35. Caso has a 61.39% success rate on recommended stocks and an average return of 23.5%. Micron's market cap is $135.3B and has a P/E ratio of 21.82. Corporate insider sentiment is negative, with 71 insiders selling shares over the past quarter.

Wolfe Research has reiterated its Outperform rating on Micron Technology (NASDAQ:MU), setting a price target of $160.00. Micron's shares opened at $121.35 on July 2, 2025. The analyst, Chris Caso, has a 61.39% success rate on recommended stocks and an average return of 23.5%. Micron's market capitalization stands at $135.3 billion, with a P/E ratio of 21.82. Despite a negative corporate insider sentiment, with 71 insiders selling shares over the past quarter, the stock has shown resilience [1].

Caso cited three key factors influencing Micron's performance outlook. First, the analyst noted the sustainability of current pricing strength amid pull-forward concerns, bolstered by Micron's recent positive preannouncement. Second, potential market share dynamics if Samsung (KS:005930) qualifies on HBM4 next year were highlighted, suggesting that SK Hynix would likely lose share rather than Micron. Third, Caso mentioned Calendar Year 2026 HBM margins, acknowledging that Samsung’s potential entry into leading-edge HBM could pressure pricing but expecting HBM4 gross margins to remain above Micron’s corporate average [1].

The analyst also mentioned a significant intermediate-term catalyst for DRAM in Calendar Year 2027 with the Rubin Ultra’s HBM content increase, which represents 4x content per chip and 2x content per GPU. Industry capacity isn't yet in place to fulfill this demand, indicating potential supply constraints and higher margins for Micron [1].

In recent news, Micron Technology has made significant strides with its financial outlook and market position. The company recently updated its financial guidance for the fourth quarter of fiscal 2025, showing better-than-expected development, which prompted Erste Group to initiate coverage with a Buy rating. Micron’s preannouncement of its August quarter results also led TD Cowen to reiterate its Buy rating and adjust its earnings per share estimate for the November quarter from $2.90 to $3.13, citing a cautiously optimistic market outlook. Cantor Fitzgerald also reaffirmed its Overweight rating on Micron, reflecting the company’s raised outlook for the August quarter [1].

JPMorgan increased its price target for Micron to $185, maintaining an Overweight rating, following positive developments in revenue, gross margins, and earnings per share, particularly due to improved pricing in the DRAM market. Wells Fargo expressed confidence in Micron’s ability to achieve its HBM market share targets, expecting the company to maintain a low to mid-20% share in the second half of 2025. These developments collectively highlight Micron’s strengthened market position and improved financial projections, drawing favorable attention from multiple analyst firms [1].

References:
[1] https://www.investing.com/news/analyst-ratings/wolfe-research-reiterates-outperform-rating-on-micron-stock-with-160-target-93CH-4197354
[2] https://www.ainvest.com/news/micron-trading-volume-surges-51-2-3-billion-ranking-28th-ai-demand-drives-optimism-2508/
[3] https://www.theglobeandmail.com/investing/markets/stocks/MU-Q/pressreleases/34125534/new-buy-rating-for-micron-mu-the-technology-giant/