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TD COWEN raises Micron Technology price target to $1,500 from $660

TD COWEN raises Micron Technology price target to $1,500 from $660

Micron's pre-sold AI memory has strengthened its market position, though investors remain focused on competition and whether elevated earnings can be sustained.

Fact Check
Three independent sources, including CNBC and MT Newswires (via MarketScreener), confirm the exact claim: TD Cowen raised Micron Technology's price target to $1,500 from $660 while maintaining a buy rating. The reasoning cited (pre-sold AI/HBM memory strengthening Micron's position, with sustainability and competition concerns) matches the claim content. All figures are consistent across sources.
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Summary

TD COWEN raised its price target on Micron Technology (MU.O) to $1,500 from $660, extending a sharply more bullish stance on the stock. The new information points to Micron's pre-sold AI memory as a driver of its stronger market position, suggesting demand linked to artificial intelligence has materially improved its outlook. At the same time, competitive pressures and the sustainability of earnings remain key investor concerns, indicating the higher target is accompanied by questions over how durable the current momentum will be.

Terms & Concepts
  • price target: An analyst’s projected future share price.
  • AI memory: Memory products used in artificial intelligence systems, where demand can rise with data-center and model-training workloads.