Marketdash
Back to News

Micron's Blowout Quarter Has Analysts Racing to Raise Price Targets

MarketDash Editorial Team
16 hours ago
After Micron delivered first-quarter results that exceeded expectations, Wall Street analysts are competing to see who can be most bullish. Price targets are soaring, with one firm calling shares a top pick with 40% upside potential.

Micron Technology (MU) just had one of those quarters that makes Wall Street scramble to adjust their spreadsheets. After reporting first-quarter financial results and guidance that blew past expectations, shares jumped over 10% on Thursday, and analysts are now falling over themselves to raise price targets and heap praise on the memory chip maker.

So what's driving this enthusiasm? Let's break down what the analyst community is saying about Micron's momentum.

The Analyst Scorecard

The price target parade tells the story. JPMorgan's Harlan Sur kept his Overweight rating but cranked his target from $220 to $350. Goldman Sachs analyst James Schneider stayed Neutral but bumped his target from $205 to $235. Needham's Quinn Bolton maintained his Buy rating with a $300 target.

Then things get really interesting. Rosenblatt's Kevin Cassidy raised his target from $300 to $500, one of the highest price targets from any analyst covering the stock. KeyBanc's John Vinh lifted his Overweight rating target from $215 to $325. Wedbush's Matt Bryson kept his Outperform rating and raised from $300 to $320. Cantor Fitzgerald's CJ Muse maintained Overweight and moved from $300 to $350.

Why Everyone's Getting Excited

JPMorgan's Sur highlighted what he called a strong beat and raise, with artificial intelligence demand powering robust memory consumption. "Results were strong and guidance was even better," Sur noted. He pointed to Micron's proven execution track record and potential to capture additional market share in the memory space while commanding higher average selling prices. "We believe the fundamental setup (pricing/demand) remains favorable through CY26 and into CY27," the analyst added.

Goldman Sachs' Schneider expects Micron shares to move higher based on strong guidance, though he's staying cautious at current levels. "We expect Micron to continue executing on its HBM product roadmap, capturing roughly 20% share of a fast-growing, high-margin market," Schneider said. He sees balanced risk/reward at current prices but would get more enthusiastic "if we see continued supply growth discipline continuing across the industry into 2027."

The AI Memory Supercycle

Needham's Bolton pointed to robust DRAM and NAND demand driving results and guidance well ahead of expectations. "HBM momentum continues as the company reached another quarterly record," Bolton noted. He expects Micron to maintain its high-bandwidth memory market share going forward.

Rosenblatt's Cassidy emphasized newly negotiated prices for DRAM and NAND helping Micron deliver strong guidance. He's projecting earnings per share of $36 for fiscal 2027 and applying a 14x price-to-earnings ratio to reach that ambitious $500 target. "We continue recommending MU for the increasing importance of memory and storage in the Age of AI," Cassidy said.

KeyBanc's Vinh sees what he calls a "perfect storm" forming for Micron as AI and data center customers ramp demand. "Outsized demand for AI/Data Center is driving a super cycle in memory with demand exceeding supply," Vinh explained. This dynamic is pushing both volumes and prices higher for Micron.

How Good Can It Get?

Wedbush's Bryson asked exactly that question after the blowout quarter and guidance. "Apparently pretty darn good!" he answered himself. Bryson highlighted that Micron is accelerating its timeline to reach mid-70s gross margins, which should significantly boost earnings per share. "The stock is now trading well below what we view as typical multiples on peak earnings, and our view that our model likely has room for more upside over the next few quarters, we see no reason to temper our optimism," he said.

Cantor's Muse made perhaps the most colorful comparison, suggesting Micron "channeled its inner Nvidia" with its huge post-earnings guidance. The analyst called it potentially a "mic drop" moment. Muse sees Micron riding a memory supercycle experiencing demand disruptions. "We see no reason why we cannot see peak multiple approaching the low teens territory. All of which sets up for still meaningful upside for shares," Muse said. With 40% or more upside potential, he's calling Micron a top pick.

The Bottom Line

Micron stock closed up 10.2% at $248.55 on Thursday, trading within a 52-week range of $61.54 to $264.75. Shares have surged 187.4% year-to-date in 2025, and if the analyst community is right, there's still room to run. The consensus view: memory chips are becoming increasingly critical in the AI era, and Micron is positioned to capitalize on that shift with improving margins, market share gains, and pricing power as demand outstrips supply.

Back to News

Micron's Blowout Quarter Has Analysts Racing to Raise Price Targets

MarketDash Editorial Team
16 hours ago
After Micron delivered first-quarter results that exceeded expectations, Wall Street analysts are competing to see who can be most bullish. Price targets are soaring, with one firm calling shares a top pick with 40% upside potential.

Micron Technology (MU) just had one of those quarters that makes Wall Street scramble to adjust their spreadsheets. After reporting first-quarter financial results and guidance that blew past expectations, shares jumped over 10% on Thursday, and analysts are now falling over themselves to raise price targets and heap praise on the memory chip maker.

So what's driving this enthusiasm? Let's break down what the analyst community is saying about Micron's momentum.

The Analyst Scorecard

The price target parade tells the story. JPMorgan's Harlan Sur kept his Overweight rating but cranked his target from $220 to $350. Goldman Sachs analyst James Schneider stayed Neutral but bumped his target from $205 to $235. Needham's Quinn Bolton maintained his Buy rating with a $300 target.

Then things get really interesting. Rosenblatt's Kevin Cassidy raised his target from $300 to $500, one of the highest price targets from any analyst covering the stock. KeyBanc's John Vinh lifted his Overweight rating target from $215 to $325. Wedbush's Matt Bryson kept his Outperform rating and raised from $300 to $320. Cantor Fitzgerald's CJ Muse maintained Overweight and moved from $300 to $350.

Why Everyone's Getting Excited

JPMorgan's Sur highlighted what he called a strong beat and raise, with artificial intelligence demand powering robust memory consumption. "Results were strong and guidance was even better," Sur noted. He pointed to Micron's proven execution track record and potential to capture additional market share in the memory space while commanding higher average selling prices. "We believe the fundamental setup (pricing/demand) remains favorable through CY26 and into CY27," the analyst added.

Goldman Sachs' Schneider expects Micron shares to move higher based on strong guidance, though he's staying cautious at current levels. "We expect Micron to continue executing on its HBM product roadmap, capturing roughly 20% share of a fast-growing, high-margin market," Schneider said. He sees balanced risk/reward at current prices but would get more enthusiastic "if we see continued supply growth discipline continuing across the industry into 2027."

The AI Memory Supercycle

Needham's Bolton pointed to robust DRAM and NAND demand driving results and guidance well ahead of expectations. "HBM momentum continues as the company reached another quarterly record," Bolton noted. He expects Micron to maintain its high-bandwidth memory market share going forward.

Rosenblatt's Cassidy emphasized newly negotiated prices for DRAM and NAND helping Micron deliver strong guidance. He's projecting earnings per share of $36 for fiscal 2027 and applying a 14x price-to-earnings ratio to reach that ambitious $500 target. "We continue recommending MU for the increasing importance of memory and storage in the Age of AI," Cassidy said.

KeyBanc's Vinh sees what he calls a "perfect storm" forming for Micron as AI and data center customers ramp demand. "Outsized demand for AI/Data Center is driving a super cycle in memory with demand exceeding supply," Vinh explained. This dynamic is pushing both volumes and prices higher for Micron.

How Good Can It Get?

Wedbush's Bryson asked exactly that question after the blowout quarter and guidance. "Apparently pretty darn good!" he answered himself. Bryson highlighted that Micron is accelerating its timeline to reach mid-70s gross margins, which should significantly boost earnings per share. "The stock is now trading well below what we view as typical multiples on peak earnings, and our view that our model likely has room for more upside over the next few quarters, we see no reason to temper our optimism," he said.

Cantor's Muse made perhaps the most colorful comparison, suggesting Micron "channeled its inner Nvidia" with its huge post-earnings guidance. The analyst called it potentially a "mic drop" moment. Muse sees Micron riding a memory supercycle experiencing demand disruptions. "We see no reason why we cannot see peak multiple approaching the low teens territory. All of which sets up for still meaningful upside for shares," Muse said. With 40% or more upside potential, he's calling Micron a top pick.

The Bottom Line

Micron stock closed up 10.2% at $248.55 on Thursday, trading within a 52-week range of $61.54 to $264.75. Shares have surged 187.4% year-to-date in 2025, and if the analyst community is right, there's still room to run. The consensus view: memory chips are becoming increasingly critical in the AI era, and Micron is positioned to capitalize on that shift with improving margins, market share gains, and pricing power as demand outstrips supply.

    Micron's Blowout Quarter Has Analysts Racing to Raise Price Targets - MarketDash News