Deutsche Bank raised the firm’s price target on Micron (MU) to $500 from $300 and keeps a Buy rating on the shares. The firm says spikes in memory pricing and DRAM supply constraints are impacting sectors globally. Deutsche’s forecasts indicate shortages should sustain through 2027 into 2028. It cites a more structurally profitable environment for the Micron target boost.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MU:
- MU Stock at $600 (Up 56%)? Top Analyst Cites Prolonged DRAM Market Tightness
- SNDK, MU: Why Are These 2 Semiconductor Stocks Down Today?
- TD sees potential for Micron shares hitting $600 over time
- Looking for Quantum Computing Exposure? QTUM Is Still the Market’s Only ETF Option
- TSMC (TSM) Expands in Arizona, but Taiwan Draws Limits on U.S. Chip Shift