See what 10M+ investors are talking about. Get the Stocktwits Daily Rip for what retail is watching right now, free to your inbox<\/a><\/p>\nDRAM demand will be strong into 2027, the total addressable market for high-bandwidth memory is growing, and NAND demand is not slowing down, the research firm said in an investor note, adding that it recommends Micron as its top pick in the space.<\/p>\n
D.A. Davidson raised the target to $1,500 from $1,000, also keeping a \u2018Buy\u2019 rating. The level implies a 62% upside.<\/p>\n
However, analysts\u2019 average price target on MU remains $674.23, or 27% below the stock\u2019s last close. Micron achieved a market capitalization of $1 trillion for the first time earlier this week. At the analysts\u2019 projected price, the market capitalization would be $760.4 billion.<\/p>\n
Meanwhile, Anthropic \u2013 now firmly being seen as the frontrunner in the AI space \u2013 named Micron as one of its \u201cstrategic infrastructure partners\u201d on Wednesday. In a press statement announcing its $65 billion fundraising, Anthropic said the tie-up would help the company reliably scale its compute capacity.<\/p>\n
MU\u2019s Incredible Rally, Retail View <\/p>\n
Micron makes memory and storage chips used in data centers, AI systems, PCs, smartphones, and other electronics. It is best known for its DRAM and NAND flash memory products and is viewed as a major beneficiary of the AI boom, driven by soaring demand for HBM chips amid an incredible buildout of new data centers.<\/p>\n
MU stock has continued to soar to new highs \u2013 up 79% so far in May and 224% year to date \u2013 sparking debate over whether the stock has room to run higher. Management teams at major memory companies, including Micron, SanDisk and Seagate, have flagged supply shortages and said demand is expected to remain elevated through 2028.<\/p>\n
The Roundhill Memory ETF (DRAM), a memory sector fund, has risen 113% since its launch on April 2.<\/p>\n
On Stocktwits, the retail sentiment for MU remained \u2018bullish\u2019 as of late Thursday, unchanged from last week. The majority of the traders believed that the stock would run higher and were hunting for dips to accumulate.<\/p>\n","protected":false},"excerpt":{"rendered":"Mizuho and D.A. Davidson raised their price targets on MU on Thursday. Anthropic named Micron as one of…\n","protected":false},"author":2,"featured_media":54778,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[53,32080,834,21337,11740,16353,12465,12464],"class_list":["post-54777","post","type-post","status-publish","format-standard","has-post-thumbnail","category-anthropic","tag-anthropic","tag-d-a-davidson","tag-micron-technology-inc","tag-mizuho","tag-mu-stock","tag-nand","tag-price-target","tag-price-targets"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/54777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/comments?post=54777"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/54777\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media\/54778"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media?parent=54777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/categories?post=54777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/tags?post=54777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}