Arete Research Raises Micron (MU) Target on AI-Driven Memory Demand

Micron Technology, Inc. (NASDAQ:MU) is one of the must-buy semiconductor stocks to invest in. Arete Research has lifted its price target on Micron Technology, Inc. (NASDAQ:MU) to $150 from $145 while reiterating a Buy rating on the stock. Based on the current trading price of $108.30, the new target suggests an implied upside of roughly 38%, underscoring growing optimism around the memory chipmaker’s role in the AI and data center boom.

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The revised forecast comes amid a broader re-rating of memory stocks, as market dynamics continue to shift in favor of high-bandwidth memory (HBM) and next-generation DRAM technologies. Micron has secured a critical position in this trend with its HBM3E chips, which are increasingly being used to support AI training and inference workloads. As hyperscale customers ramp up deployments of AI infrastructure, Micron stands to benefit from both volume growth and higher average selling prices.

Arete’s updated target reflects not only near-term momentum but also improving supply-demand conditions across the memory market. Inventory levels have been normalizing, and pricing power is gradually returning to suppliers, providing a tailwind for margins in upcoming quarters. While the stock has already enjoyed a strong run over the past year, analysts see further room to climb as AI continues to reshape the semiconductor industry and drive secular demand for advanced memory solutions.

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