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D.A. Davidson Buys Micron, $1,000 Target on AI Demand

4/29/2026

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Summary

Story summary

D.A. Davidson began coverage of Micron with a buy rating and a $1,000 12-month target, a 91% upside.
Analyst Gil Luria said AI lengthens the memory cycle, raising pricing ceilings, and that Micron is developing four DRAM and three NAND nodes.
Micron shares fell over 3% Tuesday after a 47% monthly rise, with 41 of 44 analysts rating it buy or strong-buy and $61 billion entering the data-center market in 2025.

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Story summary

D.A. Davidson began coverage of Micron with a buy rating and a $1,000 12-month target, a 91% upside.
Analyst Gil Luria said AI lengthens the memory cycle, raising pricing ceilings, and that Micron is developing four DRAM and three NAND nodes.
Micron shares fell over 3% Tuesday after a 47% monthly rise, with 41 of 44 analysts rating it buy or strong-buy and $61 billion entering the data-center market in 2025.