7/107 sources · 7 publishersUpdated Oct 8, 23:16 UTC

DA Davidson raises Micron target to $3,000 on AI memory demand

DA Davidson raised its 12-month price objective for Micron Technology to $3,000 from $2,100 on Oct. 7 and reaffirmed its Buy rating. The firm cited expanding AI-related memory demand and said supply could remain behind demand in 2027 and 2028.

Why it matters

DA Davidson's note argues that AI demand and longer-term customer contracts could support a higher valuation for Micron. Its target is substantially above other recently cited analyst targets, making the call a notably bullish outlier.

Key facts

1DA Davidson set a $3,000 12-month target for Micron, up from $2,100, and reiterated a Buy rating. cnbc.com
2DA Davidson expects memory demand to exceed supply in 2027 and 2028. cnbc.com
3DA Davidson said Micron aims to have 50% of revenue tied to long-term strategic customer agreements. cnbc.com

Open questions

Reported upside to DA Davidson's target ranges from 186.9% to 195% across the materials because they use different reference share prices and times.

Summary written by AlphAI from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.