Analyst Aaron Rakers from Wells Fargo has reaffirmed a Buy rating for Micron Technology with a price target of $130. This rating is based on several positive indicators regarding Micron’s market performance and recent advancements.
Micron has begun sample shipments of its new 36GB HBM4 12-High product to key customers, illustrating their ongoing commitment to executing their technology roadmap effectively. This new high-bandwidth memory (HBM) product utilizes Micron’s advanced 1-beta DRAM process, which promises significant enhancements in both power efficiency and performance compared to earlier versions.
The company’s strategic efforts to enhance the HBM:DDR5 trade ratio, alongside innovations in logic base die with HBM4E+, showcase Micron’s potential for substantial growth in the high-bandwidth memory sector. Recent reports reveal that Micron’s HBM segment generated over $1 billion in revenue in the second fiscal quarter of 2025, with optimism for continued growth in future quarters. These elements reinforce the positive outlook surrounding Micron and justify the Buy rating.
Notably, in a separate report, Citi also maintained a Buy rating for Micron with a similar price target of $130, indicating a consensus among analysts regarding the company’s favorable market position.
With confidence from top analysts like Rakers, who boasts an average return of 21.8% and a 64.42% success rate, as well as a focus on key players in the technology sector such as Intel and Nvidia, Micron appears poised for a promising trajectory moving forward.
This consistent positive feedback from multiple analysts reflects not only confidence in Micron’s current performance but also highlights its potential for growth and innovation in a rapidly evolving market.