Bernstein raises Micron stock price target to $1,300 on DRAM strength - Investing.com

Bernstein has raised its stock price target for Micron Technology to $1,300, driven by strong demand for DRAM memory. This upgrade reflects market optimism toward the semiconductor industry, particula... Read original →

Micron’s $1,300 price target reflects a structural premium driven by AI and data center demand for high-bandwidth DRAM. Upstream EDA and advanced packaging bottlenecks are tightening, forcing server OEMs to pre-book HBM3E capacity—creating cascading supply-chain pressure. U.S. export controls are compelling Micron to localize its Xi’an back-end operations in China, raising costs and lead times. With Samsung and SK hynix aggressively advancing HBM4, Micron risks marginalization in premium segments if GDDR7 volume production slips beyond late 2026. While a DRAM capex surge may trigger price corrections in 12–18 months, surging LPDDR5X adoption in AI inference will sustain a long-tail demand tailwind—confirming a bifurcated market ahead.