Micron Technology, Inc.

NASDAQ Global Select
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Bullish +75

Here are Tuesday's biggest analyst calls: Nvidia, Tesla, Micron, Costco, StubHub, Broadcom, CrowdStrike & more

📈 Citigroup raises Micron Technology (MU) price target significantly from $425 to $840.

💰 Analysts expect Micron to raise DRAM prices by +40% in C2Q following Samsung's +100% hike.

🚀 UBS upgrades Jazz Pharmaceuticals to buy driven by cancer drug Ziihera potential.

⚡ Morgan Stanley initiates X-Energy at overweight citing advanced nuclear technology leadership.

🛡️ Barclays raises CrowdStrike price target to $650 ahead of earnings with positive AI outlook.

💻 Rosenblatt reiterates Broadcom as buy, noting the market underprices its AI opportunity.

🏗️ Loop initiates Corpay at buy citing margin upside in business-to-business payments.

🧶 Benchmark initiates Interface at buy for secular trends in commercial flooring.

📱 HSBC raises Nvidia price target to $325 ahead of earnings with expectations for another beat.

🚗 Barclays maintains Tesla at equal weight focusing on Robotaxi scaling and FSD expansion.

🎟️ Guggenheim upgrades StubHub to buy, resetting street expectations with 30% upside potential.

🛒 Oppenheimer reiterates Costco as outperformer ahead of earnings next week.

Bullish Signals
  • Citigroup raised its price target on Micron Technology from $425 to $840, a more than doubling of the previous valuation.
  • Micron is expected to raise DRAM prices by +40% in the second and third quarters following a massive +100% price hike by Samsung.
  • Analysts express improved confidence in Micron's base business resilience and commercial potential for its products.
  • Barclays raised CrowdStrike's price target to $650, citing a more positive outlook on guidance and AI opportunities.
  • Rosenblatt believes Broadcom remains undervalued despite recent share price appreciation of 26% versus the sector's 45% gain.
  • HSBC expects Nvidia to deliver another earnings beat and raise, with further upside to FY28e earnings.
  • Guggenheim upgraded StubHub to buy, representing approximately 30% potential upside to recent closing prices.
Full Analysis
Wall Street analysts are showing significant bullish sentiment toward Micron Technology (MU) in a report from Citigroup. The firm has raised its price target on MU shares from $425 to $840, maintaining a 'buy' rating. This aggressive upward revision is driven by the expectation that Micron will raise DRAM prices by approximately 40% in the second and third quarters of the current year, following a substantial 100% price hike by its peer Samsung in the first quarter. The article serves as a roundup of various analyst calls for other major technology and consumer stocks, including Nvidia, Tesla, Broadcom, and CrowdStrike. While these companies receive attention for upgrades or reiterated buy ratings, Micron is highlighted as a primary focus due to the specific price target increase linked to the semiconductor memory market's pricing power and demand dynamics. Analysts cite improved confidence in Micron's base business resilience alongside the anticipated commercial potential of its products. The consensus view among the cited firms suggests that the current valuation does not fully reflect the upside potential from stronger mature node demand and AI opportunities within the broader sector, positioning MU as a key beneficiary of the ongoing semiconductor cycle.