On October 6, JPMorgan once again maintained its Overweight rating on $MU , with its December 2027 price target unchanged at $1,540—roughly 50% upside from the current price.
The report’s main point was that the AI memory boom still has room to drive earnings growth at $MU . I think the logic holds up: demand for HBM and high-end memory from AI servers isn’t a passing fad, and the cycle is unlikely to peak anytime soon.
That said, even if they’re calling for 50% upside, there’s bound to be plenty of volatility along the way. My view is to hold on to your core position and avoid chasing the stock every time it jumps. Pullbacks can be opportunities.
The report’s main point was that the AI memory boom still has room to drive earnings growth at $MU . I think the logic holds up: demand for HBM and high-end memory from AI servers isn’t a passing fad, and the cycle is unlikely to peak anytime soon.
That said, even if they’re calling for 50% upside, there’s bound to be plenty of volatility along the way. My view is to hold on to your core position and avoid chasing the stock every time it jumps. Pullbacks can be opportunities.