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Micron Soars: JPMorgan Boosts Price Target Amid AI Surge
14 Aug
Summary
- JPMorgan reiterates "Overweight" rating on Micron
- Raises price target from $165 to $185 per share
- Expects continued improvement in gross margin and earnings power in 2025-2026
On August 12, 2025, JPMorgan analysts reaffirmed their "Overweight" rating on Micron Technology, Inc. (NASDAQ:MU), a prominent player in the memory and storage market. The analysts have raised their price target for Micron's stock from $165 to $185 per share, citing the company's solid positioning for the fiscal year 2026 and calendar year 2026.
According to the analysts, Micron's strong cost execution and improving supply-demand dynamics are anticipated to lead to continued enhancement in gross margin and earnings power throughout 2025 and into 2026. The team believes Micron is well-positioned to capitalize on the growing demand for memory and storage solutions, particularly in the data center and mobile device sectors.
Micron Technology is a global leader in the development and sale of memory and storage products, serving a wide range of industries worldwide. While the article acknowledges Micron's potential as an investment, it suggests that certain AI stocks may offer greater upside potential and lower downside risk for investors seeking exposure to the rapidly evolving artificial intelligence market.
