Micron Expertise MU has surged just lately up almost 7.9% from its earlier shut. Analysts stay broadly bullish, with Wells Fargo, Mizuho, and UBS all elevating worth targets into the $265–$300 vary, citing robust demand for high-bandwidth reminiscence (HBM) and DRAM pricing momentum. This optimism displays Micron’s positioning within the AI-driven information heart cycle, the place reminiscence content material development and disciplined capital expenditure are anticipated to help margins.
Trying forward, traders ought to anticipate continued volatility because the market works by its consolidation part. But the broader pattern stays constructive, with Micron’s roadmap for HBM4e and enterprise SSDs positioned to seize increasing demand from AI infrastructure. As soon as the correction resolves, the transition towards a breakout might be crucial. Self-discipline in ready for pullbacks presents the higher-probability path, as analysts mission Micron’s income development to increase by 2026, reinforcing the case for renewed upside momentum.
Elliott Wave Outlook: MU Weekly Chart July 2025
Again in July, the market broke under wave (B) at 83.54, confirming that wave ((B)) had already ended. This break coincided with the announcement of latest U.S. tariff adjustments, shifting sentiment and invalidating the anticipated flat. Wave ((B)) in the end concluded at 104.69 in a triangular formation, which then initiated wave ((C)) of II.
From there, the market declined sharply to 61.54, finishing the correction on April 7. Value motion then turned decisively bullish, signaling the beginning of an impulsive advance. Our outlook recognized the inventory as constructing wave (1), with worth motion advancing into wave 3 of (1). At the moment, the construction urged continued upside, although we anticipated intervals of range-bound habits as wave 3 matured. Ideally, we anticipated wave 3 to increase into the 132.82–137.41 zone, the place a bearish response may mark its completion. Following that stage, our expectation was for consolidation earlier than a ultimate rally would full wave (1) and transition right into a corrective part. (If you wish to study extra about Elliott Wave Precept, please comply with these hyperlinks: Elliott Wave Training and Elliott Wave Idea.)
Elliott Wave Outlook: MU Every day Chart November 2025
On this November replace, we are able to see how MU continues to comply with an impulsive construction. We adjusted the rely by altering (1) to ((1)) and (2) to ((2)). Wave ((1)) ended on the 129.96 excessive, adopted by a correction that reached the 102.94 low. From that time, the extension of wave ((3)) started. As you realize, in Elliott Wave principle, wave ((3)) is often anticipated to be the strongest, though this isn’t a strict requirement for an impulse. The rule is that it can’t be the shortest wave. Certainly, wave ((3)) prolonged to 261.03 in November, after which, over 4 days, MU skilled a pointy decline to 192.58, which we recognized as wave ((4)). At that stage, many merchants assumed a significant correction had began; nonetheless, it stays attainable that MU may nonetheless break above the excessive of wave ((3))
Trying forward, the minimal goal lies at 276.95, and the market may prolong increased if momentum continues. The important thing concept is that MU should break above 261.03 to finish wave ((5)) of III earlier than one other vital correction happens. Importantly, reaching 276.95 doesn’t suggest a direct quick‑promoting alternative; fairly, it represents a goal, not a promote sign. In any case, the market might proceed its upward trajectory. Due to this fact, within the subsequent replace, we’ll consider whether or not getting into quick positions turns into possible or if the bullish momentum stays dominant.
Supply: https://elliottwave-forecast.com/stock-market/micron-mu-rockets-toward-300/