Wall Street Hikes Micron Price Targets to $550 as AI Demand Triggers Memory Shortage

UBS Group raised its price target for Micron Technology to $475.00 and maintained a buy rating.

Stifel increased its price target significantly to $550.

Cantor Fitzgerald and Deutsche Bank also issued upward revisions for the semiconductor firm.

Intense demand for artificial intelligence infrastructure is driving a recovery in the memory market.

Analysts identify continued pricing power in DRAM and NAND markets as a primary reason for the bullish outlook.

Market reports indicate a persistent undersupply of memory components is supporting higher valuations.

Goldman Sachs maintains a neutral rating but expects significant upside to Street estimates due to pricing momentum.