DA Davidson raises Micron's price target to $30 due to AI-driven memory demand
DA Davidson has raised its price target for Micron Technology (MU) from $21 to $30, citing strong growth prospects driven by increasing demand for memory chips in the artificial intelligence sector. The new target implies a potential upside of about 195% compared to Micron's pre-market trading price of around $10 on Wednesday. The upgrade reflects confidence that AI applications will significantly boost demand for high-capacity memory solutions, which are essential components in advanced computing systems and data centers.
Tickers: $MU