Needham lifts Micron Technology PT on tight memory market, capacity expansion

Needham raises PT on memory chip maker Micron Technology MU.O to $380 from $300

New PT implies 10.1% upside to stock's last close

Brokerage says demand for DRAM (dynamic random access memory) and NAND (flash drives) still exceeds available supply; MU can meet only about 50% to two thirds of some customers' needs

Adds MU is expanding capacity as quickly as possible, as contracts continue to move towards multi-year agreements and timing of pricing negotiations remains flexible

39 of 46 brokerages recommend "buy" or higher, 6 "hold" and 1 "sell"; median PT is $317.5 - data compiled by LSEG

MU more than tripled in 2025