capital · May 17, 2026
BofA Raises Micron Price Target to $950 and Boosts 2030 AI Data Center TAM Forecast to $1.7 Trillion
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Bank of America raised its price target for Micron Technology to $950 from $500 while reiterating a Buy rating. The firm increased its 2030 AI data center total addressable market forecast to $1.7 trillion and expects AI demand to accelerate through 2026 with major gains in compute and memory efficiency starting in 2027. The upgrade reflects ongoing AI memory supercycle dynamics for Micron.
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