This Analyst Just Raised Their Micron Stock Price Target by 50%. Should You Buy Shares Here?
A new chapter is unfolding in the semiconductor market as artificial intelligence (AI)-driven computing reshapes data center demand and revives pricing power for memory makers. With DRAM and NAND supplies tightening, prices are climbing just as hyperscalers and neocloud firms step up capital spending. That backdrop has thrust Micron Technology (MU) back into focus, with improving fundamentals, rising memory prices, strong analyst backing, and its growing role as a key high-bandwidth memory supplier for AI servers driving recent momentum.
Needham analyst Quinn Bolton believes the pricing upcycle has legs, arguing that higher memory prices could persist for several quarters as supply remains constrained. Reflecting that…
