Susquehanna Lifts Micron Price Target to $1,750 as AI Memory Demand Grows
MU•Susquehanna raised its price target on Micron to $1,750 from $600, citing stronger AI-driven memory and storage demand and tighter supply in high-bandwidth segments. Shares jumped 87.76% in May 2026—its best month since 1985—as investors weigh the upcoming June 24 earnings and potential seasonal headwinds.
1. Susquehanna Raises Price Target
Susquehanna sharply raised its Micron price target to $1,750 from $600, pointing to stronger demand for AI-related memory and data center storage. The firm highlighted tighter high-bandwidth memory supply as a key catalyst for margin improvement.
2. Record May Performance
Micron shares surged 87.76% in May 2026, marking the company’s best monthly gain since 1985 amid higher memory pricing and robust AI infrastructure orders. That rally reflects growing investor confidence in sustained chip demand.
3. Earnings Preview and Seasonality
Investors are now focused on Micron’s fiscal Q3 earnings release scheduled for June 24, balancing optimism with a historical average June decline of 1.35%. Market watchers note that typical seasonal weakness could test expectations following the recent price-target upgrade.
