Stifel has raised its price target for Micron Technology (ticker: $MU) to $550 while maintaining a “Buy” rating, attributing this adjustment to explosive pricing in memory and expanding gross margins. This positive outlook is supported by a surge in DRAM and NAND prices driven by increased demand from AI data centers and existing supply constraints, alongside broader upward revisions for semiconductor memory stocks as analysts express optimism about future market cycles.
Stifel raises Micron Technology price target to $550, maintains buy
