On Nov. 7, 2025, Wells Fargo raised its Micron price target to $300 from $220 and kept an Overweight rating, a call no other firm made that day. Micron has since risen 272.1% from its Nov. 6, 2025 close to $885.75, versus a 13.0% gain for the SPDR S&P 500 ETF Trust. The rally was driven by strong results: fiscal Q4 revenue rose 379.3% to $54.23 billion with a gross margin of 87.0%, and more than 75% of fiscal 2027 shipments are already committed under 26 strategic customer agreements. Wells Fargo trimmed its target to $1,400 in September, and the average analyst target is $1,561.91 against a $877.1 share price on Nov. 2. The article judges Wells Fargo’s rating and direction correct, though its target was too low.
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Related tickers and likely impact
QQQ
• NeutralInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/02/2026 | 681.09 |
| Change that session | -1.36% |
SPY
• NeutralSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/02/2026 | 752.10 |
| Change that session | -0.48% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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