KeyBanc Increases Estimates for Micron Technology (MU)

KeyBanc analyst John Vinh reiterated an Overweight rating and $600.00 price target on Micron Technology (NASDAQ: MU).

The analyst commented: "(Positive, Overweight, increasing estimates, PT $600); Positive takeaways include: 1) Indications that LTAs being put in place with hyperscalers are being negotiated with a pricing floor and upfront payments for capacity address shortcomings with past LTAs, should provide limited downside risk, and should support continued rerating of the stock; 2) While the price increases are expected to moderate, expectations for DRAM/NAND pricing to increase by 30-50% q/q in 2Q26."

For an analyst ratings summary and ratings history on Micron Technology click here. For more ratings news on Micron Technology click here.

Shares of Micron Technology closed at $366.24 yesterday.

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