Raymond James raises its price target on Micron Technology, Inc. (MU) to $530

March 25, 2026 - 04:43

Raymond James has significantly increased its price target for Micron Technology, citing a powerful outlook for the memory chip leader. The firm raised its target to $530 from $310, while reiterating an Outperform rating on the stock.

The move follows what the analyst described as "monster" upside in the company's recent performance and future guidance. According to the firm, Micron's results and projections met or exceeded even the most optimistic expectations on the Street. This bullish stance underscores growing confidence in the ongoing recovery and expansion of the memory market.

Industry observers note that demand drivers for Micron's products, particularly high-bandwidth memory, remain robust. These components are critical for artificial intelligence applications and advanced data centers, sectors experiencing explosive growth. The company's strategic positioning in these key technologies is seen as a primary factor fueling the positive analyst sentiment and the substantial target increase.

The revised price target reflects a strong conviction in Micron's ability to capitalize on the current market cycle. With memory chip prices rising and inventory levels normalizing, the financial outlook for the industry and its leading players has brightened considerably in recent quarters.