Micron Technology Analysts Predict Strong Demand Through 2027

BOISE, Idaho — Micron Technology, Inc. (NASDAQ:MU) continues to receive positive reviews from analysts as strong demand for memory products shapes its future. Mizuho analyst Vijay Rakesh reiterated an Outperform rating on Micron with a price target of $265 on November 10. This announcement followed virtual meetings with executives, including CFO Mark Murphy.

Rakesh highlighted that demand for high bandwidth memory (HBM) looks promising through 2026 and 2027. He believes that approximately 40% of Micron’s DRAM segment could see a boost in revenue and margins in the February quarter due to favorable pricing trends.

Mizuho is optimistic about Micron’s HBM roadmap, which features AI-specialized HBM4e and tailored HBM solutions. With these advancements, analysts expect an increase in DRAM content and improved pricing, which are critical in today’s market.

The report emphasized that the company’s NAND flash memory business shows controlled capital expenditures alongside growing AI server requirements for QLC enterprise solid-state drives (eSSDs). Rakesh also noted a tight supply of hard disk drives (HDDs), further supporting Micron’s positive outlook.

In a separate analysis on November 7, Wells Fargo analyst Aaron Rakers raised Micron’s price target from $220 to $300, maintaining an Overweight rating. This change came after meetings with CEO Sanjay Mehrotra and Executive VP of Global Operations Manish Bhatia. Rakers stated that these discussions confirmed a robust execution strategy and a solid market position in the memory sector.

Micron Technology is recognized as a leading semiconductor technology firm, specializing in high-performance memory and storage solutions. The company produces DRAM, NAND, and NOR memory products vital for various tech applications.

Many analysts have high hopes for Micron’s growth potential, suggesting its stock could offer solid returns. As the market responds to increasing AI-driven demand for memory solutions, Micron appears poised for notable financial improvements.