Micron Technology Doubles Price Target to $1,100 as Stock Jumps 6%
MU•Micron Technology climbed over 6% after Raymond James doubled its price target to $1,100 and maintained an Outperform rating ahead of the June 24 earnings report. Favorable AI-driven demand has high-bandwidth memory sold out through 2027, while constrained production capacity supports pricing trends until additional supply arrives in 2027.
1. Major Analyst Upgrade
Micron Technology’s stock rose over 6% after Raymond James increased its price target from $530 to $1,100 and maintained an Outperform rating. The upgrade signals strong confidence in the company’s positioning ahead of its June 24 earnings report.
2. AI-Driven Demand and Supply Outlook
High-bandwidth memory demand from AI infrastructure has left Micron’s products sold out through 2027, with long-term customer commitments supporting pricing momentum. Industry supply growth remains constrained as manufacturers delay capacity expansion until 2027, sustaining a favorable supply-demand balance.
