{"id":5171,"date":"2026-06-17T15:15:30","date_gmt":"2026-06-17T15:15:30","guid":{"rendered":"https:\/\/tradertideinsights.com\/?p=5171"},"modified":"2026-06-17T15:15:30","modified_gmt":"2026-06-17T15:15:30","slug":"deutsche-bank-lifts-micron-pt-to-1500-with-47-upside-as-earnings-loom","status":"publish","type":"post","link":"https:\/\/tradertideinsights.com\/?p=5171","title":{"rendered":"Deutsche Bank lifts Micron PT to $1,500 with 47% upside as earnings loom"},"content":{"rendered":"
<\/div>\n

Micron Technology (MU) shares rose in trading on Wednesday.<\/p>\n

The gains came as Deutsche Bank became the latest Wall Street firm to raise its price target on the memory-chip maker, citing persistent supply constraints and surging demand from artificial intelligence applications.<\/p>\n

The stock gained 2.4% on Wednesday after falling more than 6% in the previous session during a broader technology sell-off.<\/p>\n

Micron shares had closed at a record high on Monday and are up more than 223% so far this year.<\/p>\n

Analysts increasingly believe the memory-chip maker remains one of the biggest beneficiaries of the AI infrastructure boom, with tight supply conditions expected to support elevated pricing well into next year.<\/p>\n

Deutsche Bank sees substantial upside<\/h2>\n

Deutsche Bank raised its price target on Micron to $1,500 from $1,000 while maintaining a buy rating, implying roughly 47% upside from Tuesday’s closing price.<\/p>\n

Analyst Melissa Weathers said recent management commentary and industry trends point to continued strength in the company’s earnings outlook.<\/p>\n

“We see strong upward bias to our estimates given management’s intra-quarter commentary around its financial outlook strengthening, continuous strength in memory pricing, and the company’s historical tendency to beat Street revenue estimates,” Weathers wrote in a note to clients.<\/p>\n

The bank believes the ongoing memory shortage, exacerbated by growing AI adoption, could continue supporting Micron’s performance for several years.<\/p>\n

Brokerages turn bullish as AI demand continues to tighten supply<\/h2>\n

Other brokerages have also turned increasingly bullish. <\/p>\n

TD Cowen and Cantor Fitzgerald recently lifted their price targets to $1,500, while RBC Capital Markets raised its target to $1,200 from $525.<\/p>\n

Much of the optimism stems from expectations that AI-related memory requirements will continue to rise as companies deploy larger and more complex computing systems.<\/p>\n

TD Cowen analyst Krish Sankar said demand for memory should continue growing even as Nvidia adjusts specifications for some of its AI systems.<\/p>\n

According to Sankar, the increasing use of agentic AI will require additional central processing units and supporting infrastructure, boosting memory consumption across data centers.<\/p>\n

The resulting demand has strengthened expectations that favorable pricing conditions could persist through the second half of next year.<\/p>\n

RBC analyst Srini Pajjuri echoed that view, saying stronger pricing and volume assumptions prompted him to raise his forecasts.<\/p>\n

Pajjuri noted that the current upcycle in dynamic random-access memory, or DRAM, has already lasted 12 quarters, exceeding previous industry cycles that typically lasted eight to nine quarters.<\/p>\n

He believes the current momentum could continue for another five to six quarters due to strong capital spending trends and expanding AI adoption.<\/p>\n

Melius Research analyst Ben Reitzes remains somewhat more cautious than some of his peers but still sees substantial upside.<\/p>\n

“The 80% gross margins we’re seeing right now should be around for a while, longer than people think. And then we’re going to get some big buybacks coming in 2027 which could take the stock to new heights,” Reitzes said in a presentation this week.<\/p>\n

High-bandwidth memory offers additional support<\/h2>\n

Analysts are also increasingly focused on high-bandwidth memory, or HBM, which is becoming a critical component in next-generation AI systems.<\/p>\n

Pajjuri said HBM deserves a higher valuation multiple because it differs from traditional commodity memory products and is expected to account for a larger share of Micron’s revenue as production ramps up.<\/p>\n

He added that HBM should remain largely insulated from the cyclical pricing pressures that have historically affected the memory industry.<\/p>\n

Despite efforts by memory manufacturers to expand capacity, supply growth remains constrained by limitations in semiconductor manufacturing facilities.<\/p>\n

According to Pajjuri, available clean-room space remains a bottleneck, limiting meaningful supply growth until later next year.<\/p>\n

Investors await earnings and contract details<\/h2>\n

Micron is scheduled to report quarterly earnings on June 24, with investors expected to closely examine whether AI-driven demand continues to support elevated margins.<\/p>\n

Long-term customer agreements are likely to be another major focus.<\/p>\n

Sankar said investors are looking for greater clarity on strategic customer agreements that provide multiyear commitments and greater visibility into future demand.<\/p>\n

Micron disclosed in March that it had signed its first five-year strategic customer agreement, though analysts said management provided limited details regarding pricing terms and profitability guarantees.<\/p>\n

Sankar noted that investors will be watching closely to see whether hyperscale customers remain willing to commit to pricing several years in advance.<\/p>\n

Any agreements capable of sustaining gross margins above 70% would likely be viewed positively by the market, he said.<\/p>\n

\n

\n

The post Deutsche Bank lifts Micron PT to $1,500 with 47% upside as earnings loom<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Micron Technology (MU) shares rose in trading on Wednesday.The gains came as Deutsche Bank became the latest Wall Street firm to raise its price target on the memory-chip maker, citing persistent supply constraints and surging demand from artificial intelligence applications.The stock gained 2.4% on Wednesday after falling more than 6% in the previous session during…<\/p>\n","protected":false},"author":1,"featured_media":5172,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-5171","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock"],"_links":{"self":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/5171","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5171"}],"version-history":[{"count":0,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/5171\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/media\/5172"}],"wp:attachment":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}