Deutsche Bank Raises Micron Price Target to $500 on HBM Demand
Deutsche Bank boosted Micron's price target to $500 per share, up from $430, while maintaining its Buy rating. The bank cited a surge in high-bandwidth memory orders and tightening supply as drivers for stronger revenue growth in Micron's DRAM and HBM segments.
1. Upgrade Details
Deutsche Bank raised its price target on Micron to $500 from $430 and reaffirmed a Buy rating, reflecting an expected uptick in demand for the chipmaker's memory products. The adjustment represents a roughly 16% increase over the previous target, indicating heightened confidence in Micron’s near-term earnings potential.
2. Demand Drivers
Analysts cited accelerating orders for high-bandwidth memory driven by AI and data-center applications, leading to tighter supply and above-average pricing for DRAM and HBM. Deutsche Bank expects these supply-demand imbalances to persist through 2026, underpinning sustained margin expansion for Micron.