Deutsche Bank Raises Micron Target to $1500 as Shares Soar Over $1,000
MU•Deutsche Bank raised its price target on Micron Technology to $1500 from $1000 and Citi did likewise, citing tight DRAM supply and surging AI server memory demand ahead of fiscal Q3 results. The stock has surged from $295 to over $1,000 with record revenue of $23.9 billion (+196%), fueling share-split speculation.
1. Analyst Price Target Increases
Deutsche Bank raised its price target on Micron Technology from $1000 to $1500 and Citi matched the move, reflecting tight DRAM supply and accelerating demand for AI server memory, particularly high-bandwidth modules. Analysts' optimism underscores expectations for robust fiscal third-quarter results.
2. Strong Financial Performance and Split Speculation
Micron's share price has climbed from $295 to above $1,000 this year on the back of a 196% surge in fiscal revenue to $23.9 billion and customer orders exceeding supply capacity. This rally has revived discussion of a potential share split, though no plans have been announced.
