Micron Technology, Inc. (NASDAQ:MU) is one of the 15 AI Stocks That Are Skyrocketing. On February 11, Morgan Stanley increased its price target on Micron Technology, Inc. (NASDAQ:MU) from $350 to $450 and kept its Overweight rating.
The research firm pointed to ongoing increases in DRAM prices and supply shortages as key reasons behind its more positive view. Morgan Stanley pointed out that DDR5 spot prices have already climbed 30% year-to-date and are now 130% higher than January contract prices.
On February 10, Deutsche Bank also raised its price target on Micron Technology, Inc. (NASDAQ:MU) from $300 to $500 and kept its Buy rating. The firm pointed to tight supply and demand conditions in the memory market, which it believes will benefit the company in the coming quarters.
Deutsche Bank is confident that Micron Technology, Inc. (NASDAQ:MU) can take advantage of growth in High Bandwidth Memory (HBM) and improving memory market trends. The research firm raised its calendar year 2026 earnings per share estimate for the company to $46.50.
Micron Technology, Inc. (NASDAQ:MU) is a leading semiconductor technology company that is known for its innovative memory and storage solutions. The company offers a portfolio of high-performance DRAM, NAND, and NOR memory and storage products.
While we acknowledge the potential of MU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
