Wolfe Research Raises PT on Micron Technology (MU) Stock
Micron Technology, Inc. (NASDAQ:MU) is one of the Best Bargain Stocks to Buy in June. On June 11, Wolfe Research lifted its price objective on the company’s stock to $1,250 from $550 and maintained an “Outperform” rating. The firm lifted its memory model to demonstrate increases in DRAM pricing for CY 2026 and CY 2027, respectively. Also, it expects that bit shipment growth would be limited by cleanroom space at least through 2027.
Wolfe Research increased Micron Technology, Inc. (NASDAQ:MU)’s estimates to imply a ~45% rise in pricing in fiscal Q3 and elevated pricing levels through 2026. Therefore, for 2027, the firm’s estimates for Micron Technology, Inc. (NASDAQ:MU) now stand at $226.5 billion for revenue and $135 for EPS. The demand is expected to surpass supply at least through 2027 and potentially into 2028, added the firm.
Furthermore, the long-term agreements continue to be entered into between suppliers and major customers for available supply over the upcoming several years.
Micron Technology, Inc. (NASDAQ:MU) provides memory and storage solutions sold into client, cloud server, enterprise, graphics, networking, smartphone, mobile-device, automotive, industrial, and consumer markets, among others.
While we acknowledge the potential of MU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Best FMCG Stocks to Invest In According to Analysts and 11 Best Long-Term Tech Stocks to Buy According to Analysts.
Disclosure: None. Follow Insider Monkey on Google News.
