Wolfe Research Raises Micron Price Target 127% to $1,250, Cites Memory Chip Strength

According to Finbold, Wolfe Research analyst Chris Caso raised his 12-month price target for Micron Technology (MU-US) from $550 to $1,250, a 127% increase, maintaining a buy rating. The upgrade reflects Caso's revised forecast for memory chip price gains in the second half of 2026 and throughout 2027, with projected annual revenue of $226.5 billion and earnings per share of $135. Over the past 12 months through February 28, 2026, Micron reported EPS of $21.18, up 405% year-over-year.
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