Susquehanna Raises Micron Price Target to $1,750
Susquehanna analyst Mehdi Hosseini raised the price target on Micron Technology (NASDAQ: MU) to $1,750.00 (from $600.00) while maintaining a Positive rating.
“Increasing estimates for memory manufacturers under coverage, driven by continued strength in blended ASPs and growing confidence in the sustainability of the margin profile.
The memory/ storage pyramid continues to evolve, supported by the ongoing changes to KV Cache offloading, which in our view has discouraged aggressive (memory) wafer capacity adds.
Consequently, supply is now expected to remain tight through 2027, sustaining elevated margins and thus warranting valuation re-rating.”
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