Micron Price Target Soars to $650, EPS Estimates Doubled and Tripled
On March 4, Aletheia lifted Micron's price target to $650 from $315 and doubled FY26 EPS and tripled FY27 estimates; Goldman Sachs raised its target to $360 from $235 while maintaining a Neutral rating. Micron began shipping 256GB SOCAMM2 LPDDR5X modules featuring monolithic 32Gb design for low-power AI data centers.
1. Analyst Price Target and Rating Changes
On March 4, Aletheia raised its price target for Micron to $650 from $315 and maintained a Buy rating, while doubling FY26 EPS estimates and tripling FY27 forecasts. On March 3, Goldman Sachs increased its target to $360 from $235 and kept a Neutral outlook.
2. Accelerated AI Memory Demand Signals Growth
Aletheia highlighted that surging demand for AI training and inference workloads is driving massive consumption of high-bandwidth memory and that emerging agentic AI applications require even larger volumes of diversified memory solutions.
3. Launch of High-Capacity LPDDR5X Modules
Micron began shipping customer samples of a 256GB SOCAMM2 LPDDR5X module, featuring the industry's first monolithic 32Gb design to deliver low-power, high-capacity memory for next-generation AI data center architectures.