Micron stated on a recent conference call that more than 75% of its shipments for the current year are already committed, and customers are currently negotiating allocations for next year. D.A. Davidson also views current "de-specing"—where customers reduce memory specifications to maintain shipment volumes—as a positive indicator, as restoring that performance later will create additional demand.
Tuesday, October 20, 2026
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D.A. Davidson Forecasts Micron Shares Triple to $3,000
Earnings14 days ago
Tight memory supply through 2028 will fundamentally change how analysts value Micron, according to a report by D.A. Davidson. The firm set a price target of $3,000, which would nearly triple the stock's value, and argues the company should rerate toward a 20x earnings multiple. This bullish outlook is driven by long-term agreements with major technology firms, including Amazon, Microsoft, Google, Nvidia, and Apple.
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