Analysts Lift Micron Price Targets to $1,200-$1,500 on Soaring Memory ASPs
MU•Analysts at Stifel, Deutsche Bank, Rosenblatt, Wedbush and Citigroup raised Micron price targets to $1,200-$1,500, doubling prior projections as DRAM ASPs exceed $2.50/GB in data centers and $1.50/GB in PCs. Micron trades near all-time highs above $1,000 with HBM capacity sold out through 2027, ahead of June 24 earnings.
1. Analysts’ Price Target Revisions
Multiple firms have raised Micron’s price targets into the $1,200-$1,500 range: Stifel lifted its target to $1,500 from $550, Deutsche Bank to $1,500 from $1,000, Rosenblatt to $1,200 from $600, Wedbush to $1,300 from $500 and Citigroup to $1,200 from $840.
2. DRAM and HBM Price Trends
Server DRAM contract pricing now exceeds $2.50 per gigabyte while consumer PC and mobile DRAM runs above $1.50 per gigabyte, and upcoming high-bandwidth memory (HBM) price hikes are expected to further bolster gross margins.
3. Capacity and Earnings Catalyst
Micron shares are trading above $1,000 and have surpassed the trillion-dollar market cap threshold, with all HBM capacity sold out under binding contracts through 2026 and well into 2027; investors will watch product-mix shifts on the June 24 fiscal Q3 earnings call.
