Micron Technology (MU) PT Raised to $2,000 at DA Davidson: Has 'Best Visibility'

DA Davidson analyst Gil Luria raised the price target on Micron Technology (NASDAQ: MU) to $2,000.00 (from $1,500.00) while maintaining a Buy rating.

The analyst commented, "We posit that Micron has entered an era where it has some of the semi industry's best visibility, a far cry from its historical role in the semi market. Shares are up ~12% after hours in response to another blow out quarter and positive forwardlooking commentary that suggest the memory cycle is far from over. Investments in additional capacity ($10B in capex projected in F4Q26) are expected to add incremental supply, however, the company expects tight supply-demand dynamics through at least CY27. We reiterate our BUY rating and increase our PT to $2,000 from $1,500 (20x CY26 EPS)."

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