Stifel raises Micron stock price target on memory pricing strength

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Gold prices soar as Middle East conflict spurs safe haven demand Oil prices surge after U.S.-Israel strikes on Iran; crude around $80/bbl likely Dollar surges on Middle East conflict; euro, sterling retreat Futures drop, oil spikes amid widening Mideast conflict - what’s moving markets FLASH SALE (South Africa Philippines Nigeria) FLASH SALE Stifel raises Micron stock price target on memory pricing strength By Investing.com Analyst Ratings Published 03/02/2026, 06:17 AM Stifel raises Micron stock price target on memory pricing strength 0 MU -0.77% Investing.com - Stifel raised its price target on Micron Technology shares (NASDAQ:MU) to $550 from $360 while maintaining a Buy rating on the stock. The upgrade comes as Micron shares trade at $412.37 with a market capitalization of $464 billion, following a remarkable 342% return over the past year. The firm cited memory pricing reaching unexpectedly high levels as evidence of a widening gap between supply and demand. Stifel noted that server DDR5 represents a significant opportunity alongside high-bandwidth memory, forecasting server RDIMM gross margins expanding more than 80% and crossing over HBM. Micron’s current gross profit margin stands at 45%, with revenue growth of 45% over the last twelve months. Consumer memory pricing has doubled in recent months to over $1 per gigabyte, according to the firm. Stifel now models blended gross margins at software-like levels by mid-year, in the mid-to-upper 70% range, persisting through the end of 2026. Supply checks indicate memory supply remains relatively fixed over the next 12 months, suggesting pricing strength will continue. The firm believes consensus estimates are too low and underestimate the magnitude of upward revision potential in coming quarters. The new $550 price target reflects a next-12-month price-to-earnings ratio in the lower half of Micron’s recent 9x to 12x trading range. The stock currently trades ...