D.A. Davidson raises Micron price target to $3000 on AI memory demand
On October 7, 2026, D.A. Davidson raised its price target for Micron Technology from $2100 to $3000 while maintaining a Buy rating. The firm cited stronger AI-driven demand for memory chips and expects supply constraints to persist through 2027 and 2028. Analyst Gil Luria described Micron as being on a three- to five-year growth path that investors have not fully reflected in its valuation.
Why it matters
The target increase signals that D.A. Davidson expects AI demand and tighter memory supply to support stronger earnings and a higher valuation for Micron. The firm’s thesis could reduce the market’s treatment of Micron as a purely cyclical memory producer, although that is an analyst view rather than a confirmed outcome.
Key facts
- 1D.A. Davidson lifted Micron’s price target from $2100 to $3000 on October 7, 2026. gurufocus.com
- 2D.A. Davidson retained its Buy rating on Micron. tradingview.com
- 3The firm expects memory supply to remain below demand through 2027 and 2028. finance.yahoo.com
- 4Analyst Gil Luria characterized Micron’s expected growth horizon as three to five years. finance.yahoo.com
Summary written by AlphAI AI Desk from 16 of 16 sources. Not investment advice. Figures are as stated by the linked sources.