Bullish
Micron's stock price target raised to $825 amid strong AI memory demand.
Lynx Equity has increased its price target for Micron Technology (MU) to $825, citing robust demand for AI-driven memory solutions. The firm reports that Micron's high-bandwidth memory (HBM) and DDR5/lpDDR5 capacities are sold out through 2026, with negotiations extending into 2028. This extended visibility suggests a strong and sustained demand cycle for Micron's products.
Key points
- Lynx Equity raises Micron's price target to $825, anticipating continued strong demand for AI memory.
- Micron's HBM and DDR5/lpDDR5 capacities are sold out through 2026, with discussions extending into 2028.
- Lynx Equity dismisses concerns over TurboQuant technology's impact on Micron's fundamentals.
Sources
AI-generated from public news sources. Not financial advice.
