Bank of America Securities reiterated a Buy rating on Micron Technology and raised its price target on May 13, 2026 [1].
This update signals strong institutional confidence in the semiconductor sector as artificial intelligence continues to drive hardware requirements. The significant adjustment to the price target suggests that analysts believe the current market rally for memory chips has substantial room to grow.
Bank of America Securities increased the price target for Micron to $950 [3]. This represents a sharp increase from the previous target of $500 [4]. The firm's decision to nearly double the target reflects a bullish outlook on the company's ability to capture value from the expanding AI infrastructure market.
The rating update follows the introduction of Micron's new 256GB DDR5 modules designed specifically for AI servers [5]. These high-capacity memory components are critical for managing the massive datasets required by large language models, and generative AI applications.
Analysts at the firm said the sustained demand for AI-driven memory is a primary catalyst for the stock's potential growth [5]. As server providers scale their operations to accommodate more complex AI workloads, the need for higher-density memory modules like the 256GB DDR5 becomes more acute.
Micron Technology is listed on the NASDAQ in the U.S. [2]. The company continues to position itself as a primary provider of the specialized memory needed to power the next generation of data centers.
“Bank of America Securities increased the price target for Micron to $950.”
The aggressive price target hike underscores a shift in how analysts value memory providers. By linking Micron's valuation directly to the deployment of 256GB DDR5 modules, BofA is signaling that the AI trade is moving from general GPU demand to the specific, high-capacity memory bottlenecks that support those GPUs.
