Micron just got a fresh and full reminder that in the artificial intelligence (AI) race, memory isn’t optional. Analyst’s bullish notes are landing, investors are seeing “higher DRAM demand” and “longer pricing power,” and the stock is, of course, not wasting time in response.

TD Cowen analyst Krish Sankar raised the 47-year-old Micron Technology’s (MU) price target to $1,500 from $660 on Monday, June 15. Sankar ranks 13 out of 12,304 Wall Street analysts, and his $840 increase is on a stock that has already returned 843% over the past year, Yahoo Finance confirms.

The firm maintained its buy rating and cited a $150 per-share earnings estimate for calendar year 2027 as the basis for the revised target, in a note shared with…