Wall Street analyst sets Micron stock price target

Micron Technology (NASDAQ: MU ) has received another bullish endorsement from Wall Street, with TD Cowen reiterating its ‘Buy’ rating and maintaining a $1,600 price target on the memory-chip giant. The target implies a 63% upside from Micron’s press-time value of $979. MU one-week stock price chart. Source: Finbold The firm’s analyst Krish Sankar reaffirmed confidence in the company’s long-term growth outlook, pointing to sustained demand for memory products and supply constraints that are expected to persist beyond 2027. TD Cowen’s bullish stance follows investor meetings with Micron Chief Executive Officer Sanjay Mehrotra and Chief Financial Officer Mark Murphy. The firm highlighted strong industry fundamentals, noting that physical production constraints continue to limit supply while demand remains robust across key end markets. A major component of the firm’s thesis centers on Supply Constrainment Agreements (SCAs), which provide customers with guaranteed access to memory products while giving Micron greater revenue visibility. TD Cowen estimates that nearly 50% of Micron’s total revenue could eventually be covered by such agreements, helping the company secure long-term pricing stability and improve profitability. The analyst also pointed to continued tightness in the DRAM market, with recent industry checks indicating average selling prices could increase by more than 15% during the current quarter. Demand for high-bandwidth memory (HBM), DRAM, and NAND products remains elevated as artificial intelligence infrastructure spending continues to accelerate. Wall Street bullish on MU stock price The broader analyst community remains overwhelmingly positive on the stock. According to consensus estimates from 30 Wall Street analysts over at TipRanks , Micron carries a ‘Strong Buy’ rating, with 29 buy recommendations, one hold rating, and no sell ratings. The average 12-month price target stands at approximately $1,564, while the highest...