Micron Gets $825 Price Target as HBM Capacity Sold Out to 2027
Lynx Equity raised Micron’s price target from $700 to $825 citing stronger and more durable AI-related memory demand. Micron’s high-bandwidth memory capacity is sold out through 2026 with 2027 supplies fully booked and supply agreements negotiating into 2028.
1. Price Target Increase
Lynx Equity boosted its Micron price target from $700 to $825 based on firm AI-memory trends and perceived undervaluation. The upgrade reflects expectations that AI infrastructure buildouts will drive sustained, above-consensus revenue growth for Micron’s memory products.
2. HBM Capacity Sold Out
Micron’s high-bandwidth memory (HBM) is fully booked through the end of 2026, with all 2027 production already allocated. This unprecedented forward sell-through provides clear visibility into near-term revenue streams and reduces inventory risk.
3. Multi-Year Demand Visibility
Negotiations are underway for supply and pricing agreements extending into 2028, signaling a potential multi-year AI memory cycle. While emerging memory technologies pose longer-term questions, current commitments suggest solid fundamentals and durable demand for Micron’s offerings.