The share price of Micron Technology advanced on Wednesday following management’s comments addressing concerns about its HBM4 memory product line and a series of analyst price target increases, with investor confidence further supported by reassurances over production ramp-up and broad-based positive ratings from market analysts.
During a presentation at the Wolfe Research conference, Micron’s chief financial officer clarified that the company’s HBM4 memory was in high-volume production and that shipments to customers had already started. Shipment volumes for the high-bandwidth memory series are accelerating ahead of earlier projections, with expectations for solid volume increases this quarter.
Micron reported that the HBM4 memory product achieves performance above 11 gigabits per second, and expressed a high level of confidence in its reliability and quality. The CFO also commented on overall business conditions, highlighting that demand was running well above supply and forecasting sustained tightness in the market past 2026. He added that the company is making strategic investments to meet customer requirements.
Micron shares settled nearly 10% during Wednesday’s trading session. The rally followed a price target increase from Morgan Stanley, which lifted its target from $350.00 to $450.00 while maintaining an ‘Overweight’ rating. Trading volume was notably higher, with almost 48 million shares changing hands—a level 24% above the typical average.
Other brokerages also raised their targets and reiterated positive outlooks: Wells Fargo revised its forecast to $410.00, while Piper Sandler and UBS Group increased their estimates to $400.00. HSBC set a price objective of $500.00. TD Cowen also raised its target to $450.00.
Out of the analysts tracked, most assigned Micron a ‘Buy’ or ‘Strong Buy’ rating, with the stock holding an average target price of $353.21, according to MarketBeat.
