12 investment banks raise Micron Technology's target price and predict an increase in storage prices
Morgan Stanley, Wedbush, Deutsche Bank, Citigroup, Stiefer, Nidham, Bernstein, Hainer International, Jefferies, Wells Fargo, Goldman Sachs, and Jianda have raised their target prices for Micron Technology, and predict that the rise in storage chip prices will drive up Micron Technology's profits and stock price. Various investment banks predict that the supply-demand imbalance between DRAM and NAND will continue. Among them, Jefferies Group expects Micron Technology's storage prices to rise by 40% to 50% month on month in the third quarter, Deutsche Bank expects the DRAM supply shortage to continue until 2028, and Citigroup expects the average selling price of DRAM to rise by 200% this year.