Citi and Mizuho Raise Micron Targets to $840 and $800 on AI Memory Demand Surge
Citi lifted Micron’s price target to $840 from $425, predicting DRAM and HBM prices will rise into 2026 and forecasting wafer capacity needs for 2027 AI deployments. Mizuho raised its target to $800 from $740, citing AI data center rollouts boosting memory demand and tight supply through early 2027.
1. Citi Doubles Micron Price Target to $840 on Memory Upswing
Citi raised its Micron price target to $840 from $425, projecting DRAM selling prices will climb through 2026 and high-bandwidth memory pricing will strengthen due to constrained capacity. It forecasts additional wafer capacity may be required to satisfy escalating AI demand in 2027.
2. Mizuho Raises Forecast to $800 on AI Data Center Demand
Mizuho boosted its price target to $800 from $740, highlighting that AI data center rollouts are increasing memory content per server and keeping supply tight into early 2027. It expects this imbalance to underpin pricing power in DRAM and NAND despite weakness in other end markets.