$MU price target raised to $3,000 at D.A. Davidson, implying 195% upside. AI models need massive memory to run faster, a multiyear trajectory that could outstrip supply through 2028. The numbers behind it: Valuation: 19x estimated earnings Forward PEG: 0.031 R

$MU price target raised to $3,000 at D.A. Davidson, implying 195% upside. AI models need massive memory to run faster, a multiyear trajectory that could outstrip supply through 2028. The numbers behind it: Valuation: 19x estimated earnings Forward PEG: 0.031 Revenue growth: Micron = 256% Nvidia = 83% Long-term agreements with buyers like $AMZN and $MSFT secure predictable revenue, shielding Micron from historical chip-cycle volatility. Seeking Alpha Quant Rating: Strong Buy. Is memory the real AI bottleneck? ▻