Is Micron Technology (MU) One of the Top Undervalued Blue Chip Stocks Analysts Recommend for Smart Investing?
Key takeaways
- Is Micron Technology (MU) One of the Top Undervalued Blue Chip Stocks Analysts Recommend for Smart Investing?
- In a separate development, Micron Technology, Inc.
- (NASDAQ:MU) provides innovative memory and storage solutions.
Is Micron Technology (MU) One of the Top Undervalued Blue Chip Stocks Analysts Recommend for Smart Investing? Noor Ul Ain Rehman Tue, June 2, 2026 at 9:39 PM GMT+7 2 min read MU Micron Technology, Inc. (NASDAQ:MU) is one of the top 10 undervalued blue chip stocks analysts recommend for smart investing. Susquehanna lifted the price target on Micron Technology, Inc. (NASDAQ:MU) to $1,750 from $600 on May 29 and maintained a Positive rating on the shares. The firm stated that its checks suggest Q2 DRAM average selling prices are trending to be up 50%-60% quarter-over-quarter, ahead of expectations of up 50%. Meanwhile, NAND ASPs are trending unchanged at up 75-100% quarter-over-quarter. Susquehanna lifted estimates for memory manufacturers under its coverage, driven by growing confidence in the sustainability of the margin profile and the continued strength in blended ASPs.
In a separate development, Micron Technology, Inc. (NASDAQ:MU) announced on May 5 that it is now shipping the 245TB capacity Micron® 6600 ION SSD, which marks the highest capacity commercially available SSD in the world. The company stated that the drive is a notable step forward in rack-scale storage density for data centers, specifically designed to support AI, enterprise, cloud, and hyperscale workloads. These include next-generation AI data lakes and cloud-scale file and object storage.
Micron Technology, Inc. (NASDAQ:MU) provides innovative memory and storage solutions. Its operations are divided into the following segments: Compute and Networking Business Unit (CNBU), Mobile Business Unit (MBU), Embedded Business Unit (EBU), and Storage Business Unit (SBU).