TD today raised its price target on Micron $MU stock up to $1,500 from $660 while maintaining its Buy rating
TipRanks: ⚡️Micron $MU price target raised to $1,500 from $660 at TD Cowen
TD Cowen raised the firm's price target on Micron to $1,500 from $660 and keeps a Buy rating on the shares.
The firm said higher DRAM content per 1GW, even after SOCAMM de-specing, along with $150 CY27E EPS,
TD Cowen significantly raised Micron's price target from $660 to $1,500 (127% increase) while maintaining a Buy rating, citing higher DRAM content per 1GW and projected $150 CY27E EPS. The upgrade comes as MU trades at $1,020.76, down 6.18% on the day.
TD Cowen's substantial price target increase to $1,500 implies 47% upside from current $1,020.76 level. The upgrade is supported by specific fundamental catalysts (higher DRAM content, $150 CY27E EPS projection) rather than pure momentum. External data shows somewhat-bullish sentiment (0.27), recent win as HBM4 supplier for Nvidia's AI platform, and stock near 52-week highs despite today's 6.18% pullback. Earnings upcoming on June 24, 2026. The analyst provides concrete financial projections and technical drivers, warranting high confidence in the bullish stance.
情绪 Somewhat-Bullish
事件 Earnings (EPS est 20.1026) · 2026-06-24
关键要点
TD Cowen raised price target to $1,500 from $660 (127% upside from current price)
Maintains Buy rating
Catalyst: higher DRAM content per 1GW despite SOCAMM de-specing
Projected CY27E EPS of $150
Current price $1,020.76 suggests significant upside to target
Recent news shows MU won HBM4 supplier role for Nvidia Vera Rubin AI platform
Stock recently hit 52-week high before pulling back
