Needham Lifts Micron Price Target as AI Memory Demand Heats Up

Needham & Co. boosted its price target on Micron Technology (MU) to $1,550 from $500 and reiterated a Buy rating, arguing firmer memory-market conditions over the past three months with steady demand, healthier pricing and limited new supply. The note says long-term memory demand linked to AI systems could justify higher valuations, with Micron’s upcoming earnings report due June 24 providing a fresh read on whether the backdrop continues to improve.