Bank of America Lifts Micron Target to $1,550 as AI Memory Demand Signals 50% Upside
Updated
Updated · Yahoo Finance · Aug 17
Bank of America Lifts Micron Target to $1,550 as AI Memory Demand Signals 50% Upside
3 articles · Updated · Yahoo Finance · Aug 17
Summary
Bank of America raised its Micron price target to $1,550 from $1,250 and kept a Buy rating, arguing the stock still does not reflect its long-term earnings power.
Nearly 50% upside from current levels rests on BofA's forecast that Micron can earn $200 to $250 a share by 2030, with a midpoint above $230.
That view assumes AI-driven memory demand, tighter supply discipline and stronger customer commitments can make Micron's profitability more durable than in past boom-and-bust cycles.
Sandisk's investor-day outlook — 15% annual sales growth and gross margins above 80% through fiscal 2030 — reinforced BofA's case that the memory market may stay structurally tighter.
If supply again outpaces demand, BofA said, the traditional cyclical pattern could return and limit any lasting valuation rerating for Micron.
As AI drives Micron's margins to record highs, could an incoming flood of competitor capacity by 2027 trigger an unprecedented price collapse?
With massive locked contracts, has Micron finally defeated the memory sector's notorious boom-and-bust cycle, or is a devastating crash secretly looming?