Stifel raises Micron PT following enterprise SSD demand from hyperscalers

ReutersSep 22, 2025 12:10 PM

Stifel raises PT on memory chipmaker Micron Technology MU.O to $173 from $145 as big cloud companies boost enterprise SSD demand

Brokerage sees AI adoption is creating a sustained increase in demand for both higher-capacity and lower-cost SSDs

"We expect Micron to outgrow/earn the prior peak in the ensuing upcycle, and to the degree the company executes and an increasing portion of the growth is AI/HBM-driven, we expect willingness to pay improved multiples" - Stifel

35 of 44 analysts rate stock "buy" or higher, eight "hold", and one "sell"; median PT is $160 - data compiled by LSEG

As of last close, MU stock up 93.4% YTD

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