Why JPMorgan Is Sticking With Micron (MU) Stock for the Long Haul

Micron Technology, Inc. (NASDAQ:MU) is one of the Trending AI Stocks on Wall StreetOn August 12, JPMorgan reiterated the stock as “Overweight,” stating that it is sticking with Micron following its preannouncement on Monday and raised its price target to $185 per share from $165.

“Overall, the team believes they are well positioned for FY26 and CY26. With solid cost execution and improving supply/demand fundamentals, we anticipate continued improvement in gross margin (GM) and earnings power in 2025 and into 2026. We are increasing our estimates and increasing our PT from $165 to $185. We maintain our OW rating.”

Why JPMorgan Is Sticking With Micron (MU) Stock for the Long Haul

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Micron Technology, Inc. (NASDAQ:MU) develops and sells memory and storage products for data centers, mobile devices, and various industries worldwide.

While we acknowledge the risk and potential of MU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MU and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.