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Analysts Raise Micron Targets On AI-Driven Demand.
Melius Research raised Micron's price target to $1,100, citing AI-driven demand and long-term contracts.
KEY POINTS
- Major Micron capital expenditures exceeding $25 billion are planned for fiscal 2026.
- Significant new supply from Micron's Idaho and Singapore facilities may not impact the market until 2027 or later.
- Micron's estimated EPS for June 2026 is $19.01, a tenfold increase from last year.
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