MU · News · 20260923N

Memory Pricing Outlook

MICRON TECHNOLOGY INC · 2026-09-23 · Importance 32 · Surprise 24

Memory price increases are moderating as supply and demand begin to rebalance, although AI data-center demand remains robust. Long-term supply contracts are expected to support Micron’s gross margins, with approximately 40% of revenue soon tied to fixed or capped pricing. Citi raised its Micron price target from $1,150 to $1,300 on expectations for stronger DRAM pricing and continued undersupply. Bank of America and UBS also cited improving pricing, while BofA identified sustaining gross margins around the mid-80% range through fiscal 2027 as a key issue.

Key facts

• Citi raised its Micron stock price target from $1,150 to $1,300 on September 23. source
• Micron faces moderating memory price increases as supply and demand rebalance. source