Micron price target has been reduced from $140 for Wells Fargo to $130

Wells Fargo analyst Aaron Lakers has dropped the company’s Price target micron(mu) from $140 to $130, but maintains an overweight rating of the stock ahead of its second quarter results. With the expected HBM and data center momentum expected and management squeezing expectations for Q3 total margins based on the belief that the consumer end market is finding normalized inventory levels, Micron shares will present a highly compelling risk/reward setup for the second half of 2025. However, the company added that it has reduced its Q2 EPS view from $1.46 to $1.42 and it has reduced its third-quarter view from $1.63 to $1.30.

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