Micron price target raised to $650 from $315 at Aletheia

Aletheia raised the firm’s price target on Micron (MU) to $650 from $315 and keeps a Buy rating on the shares. The surge in demand for AI training and inference continues to drive massive consumption of HBM, while the rapid emergence of agentic AI workloads “requires equally large volume (if not more) of diversified memories,” says the analyst, who doubled the firm’s FY26 EPS estimates and tripled its FY27 estimates.