Wall Street Just Put a Monster Target on Micron. Is the Stock Still Too Cheap?
Deutsche Bank said memory shortages from AI demand could lift Micron revenue to $35.1 billion in the fiscal third quarter.
- On Wednesday, Deutsche Bank raised Micron Technology's price target to $1,500 from $1,000, implying 47% upside for the semiconductor manufacturer amid an artificial intelligence-driven memory shortage.
- Following the bank's move, 44 of 47 analysts tracked by LSEG maintain buy ratings, with TD Cowen and UBS also raising their price targets recently on supply-driven optimism.
- Persistent memory supply constraints remain, as Micron CEO Sanjay Mehrotra stated that "both AI and traditional server demand are constrained by lack of adequate DRAM and NAND supply."
- Revenue projections show about $33.5 billion for fiscal Q3, while analyst commentary suggests Micron could rival major software platforms in valuation within 6 to 12 months.
- Analyst Melissa Weathers cited the company's historical tendency to beat revenue estimates, projecting continued momentum through 2028 as supply-demand imbalances persist industrywide.
15 Articles
15 Articles
Wall Street Just Put a Monster Target on Micron. Is the Stock Still Too Cheap?
The post Wall Street Just Put a Monster Target on Micron. Is the Stock Still Too Cheap? appeared first on 24/7 Wall St.. Micron (MU) surged 7% to $1,113.71 after four Wall Street firms raised price targets to $1,300–$1,500, citing AI-driven memory pricing strength and DRAM ASPs above $2.50/gigabit. Micron stock is up 266% YTD and 770% over one year, with trailing P/E at 48x but forward P/E just 9x, reflecting explosive earnings growth already …
Micron Likely To Report Higher Q3 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnin
Micron Technology, Inc. (NASDAQ:MU) will release its third quarter earnings report after the closing bell on Wednesday, June 24. Analysts expect the Boise, Idaho-based company to report quarterly earnings of $19.74 per share, up from $1.91 per share in the year-ago period. The consensus estimate for Micron's quarterly revenue is $34.44 billion. It reported $9.3 billion last year, according to Benzinga Pro. On June 10, Micron announced that it ha…
Sandisk vs. Micron: Which AI Memory Stock Is the Better Buy After Their Monster Runs?
Key PointsAn AI-driven memory shortage has pushed chip prices higher, lifting both stocks in 2026.Sandisk has locked in multiyear NAND supply contracts reportedly worth tens of billions of dollars.Micron's DRAM and high-bandwidth memory business is its biggest profit engine.10 stocks we like better than Micron Technology › Few corners of the market have run up as sharply as memory chips. Shares of Sandisk (NASDAQ: SNDK) have soared more than 700…
Micron stock draws aggressive target reset from 5-star analyst
Micron Technology's (MU) next earnings report has just become a bigger test for the AI trade. Deutsche Bank analyst Melissa Weathers and her team just raised their view on the stock in a big way ahead of the company’s upcoming…

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