Wells Fargo reiterates Buy rating for Micron Technology (MU) with $130 price target

From Yahoo Finance: 2025-06-17 11:22:00

Micron Technology, Inc. (NASDAQ:MU) is a top pick for investors, with Wells Fargo maintaining a Buy rating and $130.00 price target. The company’s recent advancements, like sample shipments of 36GB HBM4 12-High to key customers, reflect strong execution of its technology roadmap.

Analyst Jim Cramer suggests Micron Technology, Inc. (MU) could play a crucial role in China negotiations. The company’s innovative memory and storage solutions, including advancements in HBM4E+ and expanding the HBM:DDR5 trade ratio, position it for growth in the high-bandwidth memory market.

In fiscal Q2 2025, Micron Technology, Inc. (MU) saw significant revenue growth in its HBM segment, surpassing $1 billion. With a strategic focus on customized logic base die and strong market indicators, the company is poised for continued growth in the upcoming quarters.

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Read more: Wells Fargo Remains Bullish on Micron Technology (MU) With a $130 PT