---
title: "Needham reiterates Buy rating on Micron Technology, $1650 price target"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/302692459.md"
description: "Needham reiterated a Buy rating on Micron Technology (MU) with a $1,650 price target, implying an 80.6% upside from the Oct 21 close. The firm cites strong demand in data center and AI markets, particularly for high-bandwidth memory solutions, alongside Micron's technology leadership in its 1-delta node roadmap. This action aligns with recent analyst optimism, as other firms have set targets ranging from $1,500 to $3,000 over the past month."
datetime: "2026-10-22T09:57:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/302692459.md)
  - [en](https://longbridge.com/en/news/302692459.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/302692459.md)
generator: "portal-rs"
---

# Needham reiterates Buy rating on Micron Technology, $1650 price target

Needham reiterated their Buy rating on Micron Technology's stock with a price target of $1650.00.

The price target implies an upside of 80.6% from the Oct 21 close of $913.67.

**Key takeaways from the analyst note**

**Strong Demand in Data Center and AI Markets**: Micron Technology is positioned to benefit from increasing data center spending and the growing demand for high-bandwidth memory (HBM) solutions, particularly due to advancements in artificial intelligence and machine learning applications.

**Technology Leadership and Product Roadmap**: The company has a robust future roadmap with significant developments in its 1-delta node technology, expected to improve bit density and performance, further solidifying its competitive edge in the memory market.

**Recent analyst actions on MU**

| Date   | Firm              | Action     | Rating     | Price target |
| ------ | ----------------- | ---------- | ---------- | ------------ |
| Oct 13 | Rosenblatt        | Maintains  | Buy        | $1900        |
| Oct 7  | DA Davidson       | Maintains  | Buy        | $3000        |
| Oct 1  | RBC Capital       | Reiterates | Outperform | $1500        |
| Oct 1  | Cantor Fitzgerald | Reiterates | Overweight | $2000        |
| Oct 1  | Needham           | Reiterates | Buy        | $1650        |

Across the five most recent analyst notes published on MU over the past 30 days, price targets range from $1500 to $3000.

Explore more price target data and ratings for Micron Technology on the .

**Disclaimer**

Select reference data provided by Benzinga. This information is not a recommendation for what you should do personally and does not constitute investment advice.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**