Wolfe Research Raises PT on Micron Technology (MU) Stock - Yahoo Finance

Wolfe Research raised Micron Technology's (MU) price target from $550 to $1,250 on June 11, 2026, while maintaining an 'Outperform' rating. The firm increased its DRAM pricing estimates for fiscal 202... Read original →

Wolfe’s aggressive $1,250 price target for Micron stems from a structural—not cyclical—DRAM supply crunch, driven by cleanroom bottlenecks and surging AI server demand for HBM. This tightness is rippling upstream, pressuring equipment and materials suppliers. While Micron’s long-term agreements with NVIDIA and Microsoft secure near-term revenue visibility, geopolitical friction around advanced packaging capacity in Taiwan, China, and delayed CHIPS Act disbursements inflate compliance overhead. Competitors like SK Hynix could erode Micron’s edge if CoWoS-L scaling accelerates, while YMTC’s Xtacking 4.0 may disrupt niche segments. The real tail risk isn’t pricing volatility—it’s whether any memory vendor can translate unpredictable AI workloads into stable, bankable bit-demand curves over the next 18 months.