Raymond James Raises its Price Target on Micron Technology, Inc. (MU) to $530

Micron Technology, Inc. (NASDAQ:MU) is one of the 10 Fastest Growing Edge Computing Stocks to Buy Now. On March 19, 2026, Raymond James raised its price target on Micron Technology, Inc. (NASDAQ:MU) to $530 from $310 and maintained an Outperform rating, citing “monster” upside in both results and guidance that met or exceeded even more aggressive buyside expectations.

The same day, Wedbush lifted its price target to $550 from $500 and reiterated an Outperform rating, noting that Micron delivered results well ahead of prior forecasts and issued Q3 guidance significantly above consensus. Cantor Fitzgerald also raised its price target to $700 from $450 and kept an Overweight rating, highlighting a “blowout” performance with May quarter EPS guided to $19.15 versus the $12.03 consensus, driven by strong DRAM and NAND pricing, with AI now accounting for roughly 50% of total DRAM demand and continued tight supply supporting margins.

On March 18, 2026, Micron reported Q2 EPS of $12.20, well above the $8.65 consensus estimate, on revenue of $23.86B versus $19.2B expected. CEO Sanjay Mehrotra said the company set records across revenue, margins, EPS, and free cash flow, driven by strong demand and tight industry supply, adding that memory has become a “strategic asset” in the AI era. The company also approved a 30% increase in its quarterly dividend.

Micron expects Q3 EPS of $18.75 to $19.55, significantly above the $10.57 consensus estimate.

Micron Technology, Inc. (NASDAQ:MU) designs and manufactures memory and storage solutions used across data centers, AI systems, and consumer devices.

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