Lynx Raises Micron Target to $825 as HBM Capacity Sells Out Through 2026, 2027 Committed
Summary
Lynx has significantly raised its price target for Micron Technology to $825, citing exceptionally strong demand for High Bandwidth Memory (HBM). The analyst notes that HBM capacity is completely sold out through 2026, with 2027 supply already committed, and pricing discussions for 2028 are now underway. This follows a recent KeyBanc price target raise to $600 on April 6, which also highlighted strong AI memory demand. The new report provides more specific and robust evidence of sustained demand and pricing power for Micron's critical HBM products, which are essential for AI data centers. This information is highly material, indicating a strong revenue outlook and de-risking future earnings for the company.
At the time of this announcement, MU was trading at $420.46 on NASDAQ in the Technology sector, with a market capitalization of approximately $474.3B. The 52-week trading range was $63.70 to $471.34. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.