RBC Capital initiated coverage on Micron Technology on January 15, 2026. The firm assigned an 'Outperform' rating and set a $425 price target.
This action follows recent target increases from several major firms. Cantor Fitzgerald, B of A Securities, and Keybanc have all raised their targets significantly, with some targets now reaching as high as $450.
The positive analyst ratings stem from overwhelming demand for Micron’s High Bandwidth Memory (HBM) products. HBM is critical for AI infrastructure, and the company reports that its HBM inventory is sold out through 2026.
This sustained demand leads to a strong revenue and margin outlook. Analysts reflect sustained bullish sentiment and confidence in Micron's market position.