D.A. Davidson raises Micron price target to $3,000 from $2,100; shares rise ~4% to $1,086, have tripled this year
What happened
D.A. Davidson analyst Gil Luria raised his price target on Micron to $3,000 from $2,100, a 43% increase and a new Street-high-style marker. Micron shares advanced 3.6-4% to about $1,084-1,086, with the stock having roughly tripled this year. The rerating came even as the semiconductor industry faced a threatened strike in Taiwan, underscoring how dominant the memory-demand narrative is right now.
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Start your free 14-day trialWho’s affected
- Micron (MU) +3.6-4% to ~$1,084-1,086, directly rerated on the $900 target increase; memory peers (SanDisk, Western Digital, Seagate) which have been trading with mixed momentum off the same memory-price signals
Sources