Lynx Research Sets Aggressive Price Targets for Micron and SanDisk
On September 4, 2026, Lynx Research issued new price targets of $1,325 for Micron (MU) and $2,450 for SanDisk (SNDK), significantly above their current prices. The firm attributes the recent shift in stock behavior to a move from volatile retail-driven momentum trading during May-June 2026 toward more stable institutional buying patterns observed since August. This change has led to calmer price action and steady gains, suggesting long-term accumulation by professional investors. The analysis is supported by strong earnings reports showing robust demand for both companies' products in the AI infrastructure sector. SanDisk reported a 1,298% year-over-year increase in datacenter revenue during Q4 fiscal 2026, while Micron's DRAM and NAND revenues surged over 300%. The firm also notes that HBM supply constraints are easing at an accelerated pace, with production ramping up faster than expected. These fundamentals underpin the aggressive price targets set by Lynx Research.
Topics: AI infrastructure analysts Micron price targets SanDisk