Market News / Story
DA Davidson lifts Micron price target to $3000 on AI memory demand
Seeking Alpha ·
Seeking Alpha reports: DA Davidson lifted its price target on Micron to $3000 from $2100 on the memory-chip maker's growth prospects as AI drives demand for memory. The $3000 price target implies about 195% upside from Micron's shares, which were trading at $1018 before the bell on Wednesday. "Micron is on a growth trajectory for the next 3-5 years, which is what the market has not yet acknowledged," says DA Davidson analyst. According to the brokerage, memory has become increasingly…