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DA Davidson sets a bold $3,000 price target on Micron, predicting nearly 195% upside amid AI-driven growth optimism.

Analyst Insights
07 Oct 2026
24/7 Wall Street
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Bullish
DA Davidson sets a bold $3,000 price target on Micron, predicting nearly 195% upside amid AI-driven growth optimism.

DA Davidson raised its price target for Micron Technology stock from $2,100 to $3,000, implying a 194.9% potential gain from the current price around $1,017. The firm argues that AI has transformed memory chips into a durable growth business, justifying a higher valuation multiple than the industry’s historical norm. Micron's multi-year contracts and strong margin outlook support this bullish view, though risks remain from potential supply increases and market volatility. Investors should watch Micron's quarterly revenue growth, gross margins, and contract coverage as key indicators.

Micron Technology's stock price on Pluang is currently USD 1,020.66 as of Oct 07, 2026 20:41 WIB, showing a 2.38% decline in the last day. The stock's market capitalization stands at $1.18 trillion, reflecting its significant size in the technology sector. Trading activity on Pluang shows a slight bias towards selling, with 56% of orders being sell orders compared to 44% buys.

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