Micron Drops 11% in 3 Months as Analysts See 63% Upside on AI Memory Demand
Updated
Updated · Yahoo Finance · Sep 3
Micron Drops 11% in 3 Months as Analysts See 63% Upside on AI Memory Demand
3 articles · Updated · Yahoo Finance · Sep 3
Summary
Micron shares have fallen more than 11% over the past three months, even as analysts keep an average price target of about $1,556.55—implying more than 63% upside.
That bullish view rests on Micron’s exposure to DRAM, NAND and high-bandwidth memory, which positions it to benefit if tight supply and data-center AI demand keep memory prices elevated.
TipRanks said analysts expect DRAM prices to rise about 50% this quarter and NAND prices about 60%, making the next earnings report a key test of whether pricing and HBM demand can sustain forecasts.
The main risk is new supply: Chinese memory makers are expanding capacity, and a faster-than-expected output ramp could pressure prices and profits despite Micron’s more than 230% gain this year.