Arete raised its price target for Micron Technology to $450, up from a previous $362. The firm simultaneously reiterated a "Buy" rating on the stock.
This upward revision reflects continued optimism regarding the company’s position within the booming AI memory sector. Micron benefits from high demand for its High-Bandwidth Memory (HBM) chips, which are crucial for AI applications.
The positive sentiment follows the company's strong fiscal first-quarter 2026 results. Micron announced these results in December 2025.
Separately, the company paid its previously declared quarterly dividend of $0.115 per share on January 14. No significant market reaction to this specific analyst rating change has been reported.