Micron Stock Downgraded to Short by Hedgeye Analyst Felix Wang

Micron Technology (MU) has been added to Hedgeye's active short list, with the firm advising investors to lock in gains after a strong run. Hedgeye analyst Felix Wang believes now is a good time to take profits due to rising competition from Samsung, particularly in high-bandwidth memory (HBM) chips. Hedgeye has lowered its estimate for Micron's HBM revenue in 2026 and may view Micron's overall revenue forecast of $48 billion as too optimistic. Analysts have a Strong Buy consensus rating on MU stock with a $155.17 price target, implying 36.1% upside potential.

Micron Technology (MU) has been added to Hedgeye's active short list, with the firm advising investors to lock in gains after a strong run. Hedgeye analyst Felix Wang believes now is a good time to take profits due to rising competition from Samsung, particularly in high-bandwidth memory (HBM) chips [3].

Hedgeye has lowered its estimate for Micron's HBM revenue in 2026 from $10.5 billion to $10 billion, which is 7% below what most analysts expect [3]. Wang also noted that Micron's overall revenue forecast of $48 billion for 2026 may currently be too optimistic. This view is the opposite of Mizuho analyst Vijay Rakesh’s recommendation, who reiterated his Buy rating with a $150 price target [4].

Despite the downgrade, analysts have a Strong Buy consensus rating on MU stock based on 22 Buys, three Holds, and zero Sells assigned in the past three months [4]. The average MU price target of $155.17 per share implies 36.1% upside potential.

Reference List:
[1] https://www.gurufocus.com/news/2991097/micron-mu-faces-downgrade-to-active-short-by-hedgeye
[2] https://www.gurufocus.com/news/2987084/micron-mu-citi-maintains-buy-rating-despite-shortterm-challenges-mu-stock-news
[3] https://seekingalpha.com/news/4469421-micron-added-as-a-new-short-at-hedgeye
[4] https://www.tipranks.com/news/take-profits-now-says-analyst-about-micron-stock-mu