D.A. Davidson raised its price target on Micron Technology (NASDAQ: MU) to $3,000 from $2,100 and kept its Buy rating, according to reporting published October 7, 2026. The rationale combines a multi-year memory-growth outlook with a separate valuation argument: analyst Gil Luria believes investors have yet to fully recognize Micron’s value, leaving room for its valuation multiple to rise. The growth and supply assumptions are analyst expectations, not company guidance or guaranteed outcomes.
What changed in D.A. Davidson’s call?
The firm lifted its target by $900, from $2,100 to $3,000, while maintaining a Buy rating. The target and rating were reported by TipRanks in TheFly coverage published October 7, 2026: TheFly report via TipRanks.
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Why does the analyst think Micron could be worth more?
Investors may not yet recognize the company’s value
Luria’s reported argument is not only that Micron could sell more memory. Following meetings with Micron’s investor-relations team, D.A. Davidson concluded that investors were still early in understanding the company’s value. If the market comes to recognize that value, the analyst believes Micron could receive a higher valuation multiple—the price investors are willing to pay relative to measures such as earnings.
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A growth thesis spanning several years
Related TipRanks coverage characterizes Luria’s outlook as a three-to-five-year growth opportunity, with AI systems supporting stronger demand for memory. It also reports his expectation that memory demand will remain ahead of supply in 2027 and 2028. These are forward-looking views, not confirmed future market conditions or Micron guidance. See TipRanks’ related coverage.
What revenue forecasts were reported?
TipRanks reported that Luria forecast Micron fiscal 2027 revenue of $255.5 billion, compared with $133.2 billion for fiscal 2026. Both figures are D.A. Davidson analyst estimates as reported in 2026—not actual results, company guidance, or assured revenue. They indicate the scale of growth embedded in the thesis, but the available reporting does not provide the detailed earnings assumptions needed to assess how the estimates translate into the target.
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- Boosts System Performance: 16GB DDR5 RAM desktop memory kit (2x8GB) that operates at 5600MHz, 5200MHz, or 4800MHz to improve multitasking and system responsiveness for smoother performance
- Accelerated gaming performance: Every millisecond gained in fast-paced gameplay counts—power through heavy workloads and benefit from versatile downclocking and higher frame rates
- Optimized DDR5 compatibility: Best for 13th Gen Intel Core and AMD Ryzen 7000 Series processors — Intel XMP 3.0 and AMD EXPO also supported on the same RAM module
- Trusted Micron Quality: Backed by 42 years of memory expertise, this DDR5 RAM is rigorously tested at both component and module levels, ensuring top performance and reliability
- ECC type = non-ECC, form factor = UDIMM, pin count = 288-pins, PC speed = PC5-44800, voltage = 1.1V, rank and configuration = 1Rx16
What the reporting does—and does not—explain
The available accounts identify the target change, the investor-recognition argument, and the broad demand outlook. They do not provide D.A. Davidson’s complete valuation model, detailed earnings-per-share assumptions, or a precise horizon for the $3,000 target. As a result, readers cannot independently derive the target from the published figures alone. The target is an analyst opinion, not a forecast that Micron shares will necessarily reach that price.
The short quotations attributed to Luria in the October 7 coverage are reported through TipRanks and TheFly; the original D.A. Davidson note was not available for direct verification. The rationale is therefore best read as a reported summary of the analyst’s view, rather than a complete account of the underlying research.
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- Optimized DDR5 compatibility: Best for 12th Gen Intel Core and AMD Ryzen 7000 Series processors — Intel XMP 3.0 and AMD EXPO also supported on the same RAM module
- Trusted Micron Quality: Backed by 42 years of memory expertise, this DDR5 RAM is rigorously tested at both component and module levels, ensuring top performance and reliability
- ECC type=non-ECC, Form Factor=SODIMM, Pin count=262-pin, PC speed=PC5-38400, Voltage=1.1V, Rank and Configuration=2Rx8
Rank #3
- Boosts System Performance: 32GB DDR5 overclocking desktop memory RAM kit (2x16GB) that operates at 6000MHz to improve gaming, multitasking and system responsiveness for smoother performance
- Accelerated gaming performance: Every millisecond gained in fast-paced gameplay counts—benefit from lower latency for higher frame rates, perfect for AAA games
- Optimized DDR5 compatibility: Best for 12-14th Gen Intel Core and AMD Ryzen 7000 Series and higher processors — Intel XMP 3.0 and AMD EXPO also supported on the same RAM module
- Trusted Micron Quality: Backed by 42 years of memory expertise, this DDR5 RAM is rigorously tested at both component and module levels, ensuring top performance and reliability
- Top-Tier Overclocking: 32GB of DDR5 RAM 32GB, 6000MHz at extended timings of 36-38-38-80 provide stable overclocking performance and lower latency compared to usual Crucial Pro Series DRAM modules
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