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Micron Stock Set to Nearly Triple as DA Davidson Hikes Price Target
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CNBC TV18•08-10-2026, 06:49
Micron Stock Set to Nearly Triple as DA Davidson Hikes Price Target
- •DA Davidson raised its 12-month price target on Micron Technology to $3,000 from $2,100, representing a potential 187 percent upside.
- •Analyst Gil Luria stated that investors are only beginning to recognize Micron's true value, driven by the ongoing artificial intelligence boom.
- •Demand for memory components is expected to outstrip supply through 2027 and 2028 as AI models require more memory to perform better and run faster.
- •Micron aims to tie 50 percent of its revenue to long-term strategic customer agreements, guaranteeing sales and ensuring business sustainability.
Key Questions Answered
D.A. Davidson hiked its 12-month price target on Micron Technology by 43% to $3,000 from $2,100 while maintaining a buy rating on the stock.
Demand is surging because memory acts as a critical lever for better AI performance, helping models run faster, generate better results, and maintain longer context windows.
Micron aims to tie 50% of its revenue to long-term, strategic customer agreements that are not easily cancelable, effectively guaranteeing sales for the next few years.
