Shares of Micron Technology have surged 128% this year, but one analyst sees no end in sight to the gains. Citi Research analyst Christopher Danely argued that dynamic random-access memory, or DRAM, which the kind of storage used in most laptops and personal computers, “will be the next chip to get long-term contracts with the AI food chain given its importance and undersupply.” Danely maintained a Buy rating on the shares and hiked his price target to $240 from $200 in a note Thursday.
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Micron Stock Could Rise 20%, Says Analyst. AI Is Driving Demand for Data Storage.
Published 3 weeks ago
Oct 16, 2025 at 2:21 PM
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