D.A. Davidson Slaps Street-High $3,000 Target on Micron, Calling the Rally 'Just Getting Started'
D.A. Davidson raised its 12-month price target on Micron Technology $MU to $3,000, a Street high, implying roughly 187% upside from Tuesday's close. Analyst Gil Luria reiterated a Buy rating after meeting with management, arguing investors are early in understanding the company's value and that demand will outstrip supply through 2027 and 2028.
He pointed to Micron's goal of tying 50% of revenue to long-term strategic customer agreements, the performance benefits of more memory in AI systems, and potential share buybacks once CHIPS Act restrictions expire in December. The call came as shares fell about 3% on a potential strike at the company's Taoyuan facility in Taiwan and broader semiconductor weakness. Micron has surged 266% in 2026 and 463% over the past year.
Source: Big Go Finance
D.A. Davidson raised its 12-month price target on Micron Technology $MU to $3,000, a Street high, implying roughly 187% upside from Tuesday's close. Analyst Gil Luria reiterated a Buy rating after meeting with management, arguing investors are early in understanding the company's value and that demand will outstrip supply through 2027 and 2028.
He pointed to Micron's goal of tying 50% of revenue to long-term strategic customer agreements, the performance benefits of more memory in AI systems, and potential share buybacks once CHIPS Act restrictions expire in December. The call came as shares fell about 3% on a potential strike at the company's Taoyuan facility in Taiwan and broader semiconductor weakness. Micron has surged 266% in 2026 and 463% over the past year.
Source: Big Go Finance