Particle.news
Download on the App Store
12 ARTICLES
·
last wk.

Wall Street Raises Micron Price Targets as AI Memory Rally Reignites Stock

Analysts point to rising DRAM and high‑bandwidth memory prices driven by AI data‑center demand as the basis for much higher multi‑year valuations.

Image
Image
Image
Image

Overview

  • Major firms moved bullishly this week, with New Street upgrading Micron to Buy and setting a $1,250 target on Friday and UBS’s Timothy Arcuri publishing a $1,625 target.
  • KeyBanc projects DRAM prices up 15%–20% in Q3 and another ~15% in Q4 while forecasting NAND gains of 30%–40% in Q3 and a further 15% in Q4, figures analysts say justify the upgrades.
  • Micron’s June quarter beat expectations, reporting $25.11 in EPS and $41.46 billion in revenue, and the stock has rallied back toward the $960–$1,000 range after a month‑long advance.
  • Material medium‑term risks remain, including rival capacity growth from players such as YMTC and SK Hynix, Micron’s $9.3 billion fab not producing until about 2028, and recent insider share sales.
  • The longer‑term bullish case rests on HBM (high‑bandwidth memory) being less cyclical because it uses far more wafer capacity per gigabyte, and investors should watch HBM/DRAM price trends, hyperscaler orders, and fab ramp timelines.