DA Davidson Raises Micron Price Target to $2,100
Since this note+1% MU $1,065.11 → $1,074.89 (Oct 3) · 1% of the way to the target
DA Davidson analyst Gil Luria raised the price target on Micron Technology (NASDAQ: MU) to $2,100 (from $2,000) while maintaining a Buy rating.
“While Micron again delivered a strong beat quarter and provided above-consensus F1Q27 guidance, the most important takeaway was management’s indication that memory markets could be even tighter in 2028 than they are today.
We believe expectations for tightening supply-demand conditions through both 2027 and 2028 meaningfully extend the industry’s runway for strong pricing and earnings growth, addressing a key investor concern that current fundamentals represent a cyclical peak.
We reiterate our BUY rating and raise our PT to $2,100 from $2,000 based on 13x CY27 EPS.”
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