Micron Target Hiked to $1,750, Driven by AI Memory Demand

Susquehanna raised its price target for Micron Technology (MU) to $1,750 from $600. The firm maintained its Positive rating on the stock. Susquehanna also increased its price target for SanDisk (SNDK) in the NAND flash market.

Analyst Mehdi Hosseini cited continued strength in memory and storage fueled by artificial intelligence. DRAM average selling prices are rising sharply due to demand for High Bandwidth Memory (HBM) and server applications.

AI inferencing is driving NAND demand, supporting price increases and a positive margin outlook. The revision places Micron among the highest analyst targets in the memory sector.