Wedbush Raises Micron Target to $1,300 on AI Demand

Wedbush Securities has raised its stock price target for Micron Technology, citing increasing demand for the company's memory chips driven by artificial intelligence (AI). The target price has been increased to $1,300. Analysts emphasized that AI applications are fueling demand for high-performance memory solutions in data centers. They noted that Micron is well-positioned in this area, and AI-focused server investments are expected to contribute to the company's growth. In its assessment, Wedbush stated that Micron is well-positioned to capture opportunities in the AI market, which will positively impact its stock performance. The new target price represents a significant increase compared to previous estimates. This is not an investment recommendation.