Micron Technology Price Target Raised to $450 as DDR5 Prices Jump 30%
Analyst Joseph Moore raised Micron Technology's price target to $450 from $350 while keeping an Overweight rating. DDR5 spot pricing has climbed 30% year-to-date and sits 130% above January contract levels, with further mainstream DRAM price increases expected through 2026.
1. Price Target Raised to $450
Analyst Joseph Moore raised Micron Technology's price target to $450 from $350 and maintained an Overweight rating, citing expectations of continued DRAM pricing power.
2. Intensified DRAM Shortages
DRAM supply growth in 2026 is projected to lag demand, sustaining tight market conditions and underpinning further price increases.
3. DDR5 Pricing Momentum
DDR5 spot prices have risen 30% year-to-date and stand 130% above January contract levels, while mainstream DRAM pricing could double yet remain below current spot rates.
4. AI Infrastructure Benefits
Persistent memory shortages and pricing strength position Micron as a key beneficiary of AI infrastructure build-out, potentially boosting revenue and margins throughout the year.