DA Davidson increased its price target for Micron from $2,100 to $3,000, reflecting a 42% upside potential based on strong fiscal Q4 results and optimistic fiscal 2027 guidance. The firm highlighted Micron's robust revenue growth, driven by AI-related memory demand and tighter memory supply forecasts through 2028. This new target applies a 19x earnings multiple, up from 13x, signaling growing investor confidence in Micron's value and growth prospects. The bullish outlook contrasts with the Wall Street average target of $1,630, reinforcing a "Strong Buy" consensus for the stock.
Micron Technology holds a market cap of $1.18 trillion and a dividend yield of 0.06% as of Oct 07, 2026 20:01 WIB on Pluang. Despite the bullish price target set by DA Davidson, Micron's stock price is currently $1,018.60, down 2.58% in the last day, with a trading volume of 21,725,080 shares. The typical hold time for Micron on Pluang is 48 days, reflecting moderate investor engagement in this technology sector stock.
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