Update: RBC Raises Price Target on Micron Technology to $525 From $425, Keeps Outperform Rating

MT Newswires Live03-16 23:40

(Updated to include RBC Capital's commentary)

RBC Capital raised its price target on Micron Technology (MU) to $525 from $425 ahead of the upcoming Q2 earnings report given continued pricing strength through 2026.

While noting that DDR price should eventually come down, the brokerage expects tailwinds from HBM pricing and content to continue through 2027.

The brokerage sees room for multiple expansion as structural drivers (HBM, DDR/eSSD demand in data center) are playing a much larger role in the current supercycle.

Micron Technology has an average rating of buy and mean price target of $439.49, according to analysts polled by FactSet.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 446.73, Change: +20.60, Percent Change: +4.83

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