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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.
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ts2.tech broke the news on Tuesday, June 16, 2026.
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