Micron Technology 
MU saw its price target raised to $300 from $200 by Needham, signaling about a 27% upside from recent levels.
The brokerage maintained a Buy rating, citing higher DRAM and NAND prices amid a tightening memory market. Analysts said Q1 fiscal 2026 conditions strengthened, driven by strong data center demand from hyperscalers and neocloud capital spending.
Needham highlighted that Micron’s HBM3E and HBM4 high-bandwidth memory for 2026 is fully sold out, with margins above both corporate and DRAM averages. Spot prices surged 162% quarter-over-quarter for DRAM and 34% for NAND, which may support higher contract pricing going forward.
Micron is scheduled to report Q1 results on Wednesday, with analysts estimating EPS of $3.93 on revenue of $12.87 billion.
The firm expects customers to increasingly pursue multiyear supply agreements and forecasts Micron’s fiscal 2026 capital expenditure could rise above prior guidance, modeling $20 billion.
