Analysts Raise Micron Targets to $1,500 and $1,200 on DRAM Squeeze
MU•MU•MU•MU•Deutsche Bank lifted Micron's price target to $1,500 from $1,000 forecasting DRAM shortages through 2028 as AI-driven memory demand outpaces supply. Citi raised its target to $1,200 predicting 200% DRAM price gains in 2026 based on strong data center demand and constrained capacity.
Deutsche Bank increased its price target for Micron to $1,500 from $1,000, while Citi lifted its target to $1,200 as both banks expect sustained DRAM supply constraints and stronger memory pricing.
Supply growth for DRAM modules continues to lag demand, pushing an anticipated shortage through at least 2028 despite new capacity additions announced over the past 180 days.
Agentic AI workloads are driving increased demand for traditional and low-power DRAM, with Citi forecasting a 200% rise in average selling prices in 2026 based on accelerated data center deployments.
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