Micron (MU) Stock Gets Unprecedented $1,000 Price Target From Top Analyst
DA Davidson launched coverage of Micron with a Buy rating and a $1,000 price target, suggesting 91% upside potential. TD Cowen also increased its price target to $660, citing emerging long-term supply contracts with high gross margin parameters.
Micron Technology garnered significant attention from Wall Street analysts after DA Davidson launched coverage with a Buy rating and a $1,000 price target. The analyst, Gil Luria, believes AI is driving a new memory market cycle with no traditional demand ceiling. Micron secured a five-year supply agreement in March, setting a new industry standard. The company's HBM market position surged from 5% in 2024 to 21% in Q2 2025, overtaking Samsung. TD Cowen increased its price target to $660, maintaining its Buy stance, and anticipates Micron's earnings per share will surpass consensus forecasts.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.