Micron Technology Receives Bullish Analyst Calls Amid AI-Driven Memory Market Shift

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2026-04-29 00:17:02

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DA Davidson initiated coverage on Micron Technology with a Buy rating and a Street-high $1,000 price target, projecting ~91% upside. The bullish thesis hinges on AI's transformative impact on memory demand cycles, breaking historical patterns of oversupply. Micron's five-year supply deal and HBM market share growth to ~21% by Q2 2025 underscore its positioning.

TD Cowen echoed optimism, raising its target to $660. Analysts argue AI infrastructure unlocks incremental demand, creating a structurally different cycle. "Each new compute deployment unlocks new use cases," noted DA Davidson's Gil Luria, framing memory as a sustained growth sector rather than a cyclical play.

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