AI Demand Lifts Micron Target to $650 from $315

TipRanks reports Aletheia Capital’s Warren Lau raised Micron’s price target to $650 from $315, citing AI-driven demand for memory (HBM, DRAM, SRAM, CXL) and tight DRAM/NAND supply through 2026–27. Lau doubled FY26 earnings and tripled FY27 forecasts, and sees potential cash flow of $150–$200B for FY26–27. MU carries a consensus Strong Buy with upside from current levels, though risks include demand shifts, execution, and geopolitics; Micron is set to report Q2 FY26 earnings (EPS about $8.52 on $18.85B revenue).