^-To The Moon - Tiger Brokers Online Investing Community

1
Comment
Favorite

Micron Stock Got a Wall Street-High Price Target. Why the Price Can Double

Micron shares surged over sixfold in 12 months; DA Davidson initiated a Buy rating with a Street-high $1,000 price target.

Micron Stock Got a Wall Street-High Price Target. Why the Price Can Double

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

Top
Latest

No comments yet

Most Discussed

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":558877342508120,"tweetId":"558877342508120","gmtCreate":1777476379176,"gmtModify":1777476381984,"author":{"id":3574847649995442,"idStr":"3574847649995442","authorId":3574847649995442,"authorIdStr":"3574847649995442","name":"bluem","avatar":"https://static.tigerbbs.com/9586aa4999245b11d8fe4bd7d34be55d","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":9,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"","html":"<html><head></head><body><p>^</p></body></html>","htmlText":"<html><head></head><body><p>^</p></body></html>","text":"^","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/558877342508120","repostId":2631851539,"repostType":2,"repost":{"id":"2631851539","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1777532400,"share":"https://ttm.financial/m/news/2631851539?lang=en_US&edition=fundamental","pubTime":"2026-04-30 15:00","market":"us","language":"en","title":"Micron Stock Got a Wall Street-High Price Target. Why the Price Can Double","url":"https://stock-news.laohu8.com/highlight/detail?id=2631851539","media":"Dow Jones","summary":"Micron shares surged over sixfold in 12 months; DA Davidson initiated a Buy rating with a Street-high $1,000 price target.","content":"<html><head></head><body><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/MU\">Micron Technology</a> stock has been on an incredible run and the only question is how long it can last. The answer, from D.A. Davidson: several years more.</p><p>The memory-chip maker’s shares have increased more than sixfold in the past 12 months on surging demand and closed up 2.8% at $518.46 on Wednesday.</p><p>D.A. Davidson’s Gil Luria initiated coverage of the stock with a Buy rating and $1,000 price target—the highest of the Wall Street analysts tracked by FactSet.</p><p>Micron trades at a notably low forward price-to-earnings ratio—6.1 times, according to FactSet—because the memory-chip industry goes through cycles of boom and bust.</p><p>Luria, however, argued fears of the cycle are overblown.</p><p style=\"text-align: start;\">“Artificial intelligence is creating a longer-than-usual memory cycle as compute deployment and demand generation exist in a positive feedback loop, creating a structurally higher ceiling for memory pricing and demand,” he wrote in a research note on Tuesday.</p><p style=\"text-align: start;\">Luria’s target price is based on a price-to-earnings ratio of 10 times his forecast for fiscal 2030 earnings. By then, the DA Davidson forecast assumes revenue of about $393 billion and net income of $160 billion. In fiscal 2025, Micron had revenue of $37.38 billion and net income of $8.54 billion.</p><p>The analyst noted that Micron and its rivals SK Hynix and Samsung are signing long-term supply agreements with big customers and selling high-bandwidth memory at higher prices, which could help cement higher margins. Both could justify a permanently higher valuation.</p><p style=\"text-align: start;\">“We are not arguing that the cycle cannot and will not turn,” Luria wrote. [But] “we believe the ceiling is meaningfully higher and more dynamic in the current environment than in any prior cycle, and that the market is still in the early stages of pricing in this structural AI-driven surge in demand.”</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Micron Stock Got a Wall Street-High Price Target. Why the Price Can Double</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicron Stock Got a Wall Street-High Price Target. Why the Price Can Double\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-04-30 15:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/MU\">Micron Technology</a> stock has been on an incredible run and the only question is how long it can last. The answer, from D.A. Davidson: several years more.</p><p>The memory-chip maker’s shares have increased more than sixfold in the past 12 months on surging demand and closed up 2.8% at $518.46 on Wednesday.</p><p>D.A. Davidson’s Gil Luria initiated coverage of the stock with a Buy rating and $1,000 price target—the highest of the Wall Street analysts tracked by FactSet.</p><p>Micron trades at a notably low forward price-to-earnings ratio—6.1 times, according to FactSet—because the memory-chip industry goes through cycles of boom and bust.</p><p>Luria, however, argued fears of the cycle are overblown.</p><p style=\"text-align: start;\">“Artificial intelligence is creating a longer-than-usual memory cycle as compute deployment and demand generation exist in a positive feedback loop, creating a structurally higher ceiling for memory pricing and demand,” he wrote in a research note on Tuesday.</p><p style=\"text-align: start;\">Luria’s target price is based on a price-to-earnings ratio of 10 times his forecast for fiscal 2030 earnings. By then, the DA Davidson forecast assumes revenue of about $393 billion and net income of $160 billion. In fiscal 2025, Micron had revenue of $37.38 billion and net income of $8.54 billion.</p><p>The analyst noted that Micron and its rivals SK Hynix and Samsung are signing long-term supply agreements with big customers and selling high-bandwidth memory at higher prices, which could help cement higher margins. Both could justify a permanently higher valuation.</p><p style=\"text-align: start;\">“We are not arguing that the cycle cannot and will not turn,” Luria wrote. [But] “we believe the ceiling is meaningfully higher and more dynamic in the current environment than in any prior cycle, and that the market is still in the early stages of pricing in this structural AI-driven surge in demand.”</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4588":"碎股","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","LU0056508442.USD":"贝莱德世界科技基金A2","LU2054465674.USD":"UBS (LUX) KEY SELEC SICAV DIGITAL TRANSFORMATION T \"P\" (USD) ACC","MUU":"2倍做多MU ETF-Direxion","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU2211815571.USD":"ALLIANZ POSITIVE CHANGE \"AT\" (USD) ACC","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","LU0203347892.USD":"SCHRODER ISF QEP GLOBAL ACTIVE VALLUE \"A\" (USD)  INC AV","BK4527":"明星科技股","BK4512":"苹果概念","LU0109392836.USD":"富兰克林科技股A","BK4543":"AI","BK4553":"喜马拉雅资本持仓","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","MU":"美光科技","LU0792757196.USD":"TEMPLETON SHARIAH GLOBAL EQUITY FUND \"A\" (USD) ACC","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","BK4141":"半导体产品","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU0274383776.USD":"MANULIFE GF US SMALL CAP EQUITY \"AA\" (USD) INC","LU2089985449.USD":"MANULIFE GF GLOBAL SEMICONDUCTOR OPPORTUNITIES \"AA\" (USD) ACC","LU2048586759.USD":"ALLIANZ SMART ENERGY \"AT\" (USD) ACC","LU0082616367.USD":"摩根大通美国科技A（dist）","LU2360106780.USD":"BGF WORLD TECHNOLOGY \"A4\" (USD) INC","LU1366333091.USD":"FIDELITY GLOBAL FOCUS \"A\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU0203345920.USD":"SCHRODER ISF QEP GLB ACT. VL \"A\" (USD) ACC","BK4585":"ETF&股票定投概念","LU2931357623.SGD":"MANULIFE GF GLOBAL SEMICONDUCTOR OPPORTUNITIES \"AA\" (SGDHDG) ACC","BK4575":"芯片概念","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","BK4566":"资本集团","LU2458330243.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A-H1\" (SGDHDG) ACC","MULL":"2倍做多MU ETF-GraniteShares","LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","MUD":"1倍做空MU ETF-Direxion","LU0081259029.USD":"UBS (LUX) EQUITY FUND - TECH OPPORTUNITY \"P\" (USD) ACC","LU2458330169.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A\" (SGD) ACC","LU0157215616.USD":"FIDELITY GLOBAL FOCUS \"A\" INC","LU2543165471.USD":"E FUND (HK) GLOBAL QUALITY GROWTH \"A\" (USD) ACC","LU1323610961.USD":"UBS (LUX) EQUITY SICAV - LONG TERM THEMES (USD) \"P\" (USD) ACC","BK4579":"人工智能","LU1267930813.SGD":"FRANKLIN TEMPLETON SHARIAH GLOBAL EQUITY \"AS\" (SGD) ACC","BK4605":"半导体精选"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2631851539","content_text":"Micron Technology stock has been on an incredible run and the only question is how long it can last. The answer, from D.A. Davidson: several years more.The memory-chip maker’s shares have increased more than sixfold in the past 12 months on surging demand and closed up 2.8% at $518.46 on Wednesday.D.A. Davidson’s Gil Luria initiated coverage of the stock with a Buy rating and $1,000 price target—the highest of the Wall Street analysts tracked by FactSet.Micron trades at a notably low forward price-to-earnings ratio—6.1 times, according to FactSet—because the memory-chip industry goes through cycles of boom and bust.Luria, however, argued fears of the cycle are overblown.“Artificial intelligence is creating a longer-than-usual memory cycle as compute deployment and demand generation exist in a positive feedback loop, creating a structurally higher ceiling for memory pricing and demand,” he wrote in a research note on Tuesday.Luria’s target price is based on a price-to-earnings ratio of 10 times his forecast for fiscal 2030 earnings. By then, the DA Davidson forecast assumes revenue of about $393 billion and net income of $160 billion. In fiscal 2025, Micron had revenue of $37.38 billion and net income of $8.54 billion.The analyst noted that Micron and its rivals SK Hynix and Samsung are signing long-term supply agreements with big customers and selling high-bandwidth memory at higher prices, which could help cement higher margins. Both could justify a permanently higher valuation.“We are not arguing that the cycle cannot and will not turn,” Luria wrote. [But] “we believe the ceiling is meaningfully higher and more dynamic in the current environment than in any prior cycle, and that the market is still in the early stages of pricing in this structural AI-driven surge in demand.”","news_type":1,"symbols_score_info":{"MULL":0.6,"MUD":0.6,"MUU":0.6,"MU":1.97}},"isVote":1,"tweetType":1,"viewCount":133,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}