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Micron Technology (NASDAQ:MU) Price Target Raised to $3,000.00
D.A. Davidson said AI-driven memory shortages could keep demand ahead of supply for two years and lifted its upside view to 187%.
- Davidson raised its 12-month price target for Boise, Idaho-based Micron to $3,000 from $2,100, implying 187% upside from Tuesday's close of $1,045.56.
- Micron has surged 463% in the past year and 266% in 2026, boosted by an artificial intelligence boom that created shortages in memory components needed for data storage and processing.
- After meeting with management, Davidson analyst Gil Luria said investors are "early in their journey of understanding MU's value," adding "If you don't buy it, they will."
- Micron aims to tie 50% of revenue to long-term customer agreements, while 46 of 50 Wall Street analysts rate the stock a buy or strong buy, matching consensus.
- Demand for memory components is expected to "outstrip supply" through 2027 and 2028, according to Davidson, as AI models require more memory to run faster and maintain longer context windows.
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Micron (MU) Stock Rises Before a Key Buyback Deadline
TLDR Micron stock gained during Friday’s premarket session as broader technology market sentiment improved. D.A. Davidson raised Micron’s price target to $3,000 from $2,100, maintaining its Buy rating. Analyst Gil Luria expects growing AI memory demand to support Micron’s earnings over several years. Longer supply agreements could make Micron’s revenue more predictable and reduce exposure [...]
Micron Stock Could Triple to $3,000, D.A. Davidson Analyst Says
Micron stock prediction calls hit a new high this week, as D.A. Davidson analyst Gil Luria raised his Micron stock price target to $3,000 from $2,100 on Oct. 7 and kept a Buy rating on the shares. With the Micron stock price near $1,088 at the time of writing, that implies the stock could roughly...
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Bias Distribution
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40% Center
L 40%
C 40%
R 20%
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