Aletheia Capital Raises Micron Price Target Significantly to $1600
BlockBeats News, June 16th, Aletheia Capital recently issued a highly bullish research report on Micron Technology (MU), significantly raising the price target to $1600 and predicting that the value share of AI memory devices in AI hardware systems will exceed 70% by 2027.
In the report, Aletheia expects Micron's EPS for the 2027 fiscal year to increase by 8.5 times from the current level, further expanding by 1.8 times in the 2028 fiscal year, with a cumulative increase of 15 times. The report also predicts that the company will generate between $350 billion and $400 billion in free cash flow cumulatively from FY26 to FY28.
On the price prediction front, Aletheia's upward revision also exceeded market expectations. The report indicates that the institution now expects the average selling price (ASP) of server DRAM to rise by another 30% in the third quarter of 2026, far above the previous forecast of 10% to 15%; a further increase of 10% to 15% is projected for the fourth quarter of 2026. Regarding HBM, Aletheia predicts that its ASP will double year-on-year in 2027. This assessment is based on the continued explosive demand for high-bandwidth memory in AI training and inference, while the high technological barriers on the supply side further support the upward movement of prices.
Possibly boosted by this report, Micron's stock price surged over 10% yesterday.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
This AI Stock Exploded 600% in a Year, Beating Nvidia and Micron
House Finance panel chair says regulator actions on crypto ‘fall short’ of CLARITY bill
Vietnam: Strong GDP but rising inflation risks – Commerzbank
Incordex appoints Chen Wang to board of directors
Incordex appointed Chen Wang to its board effective Sept. 29, 2026. Wang founded his own brand. He has served as founder and board chairman of Yunnan Jinshengchang Technology and Trade since Oct. 2024. He previously led global pharmaceutical education operations at Meixin E-commerce. He later ran education operations at Zhuyuan Grop. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Incordex Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001477932-26-006080), on October 07, 2026, and is solely responsible for the information contained therein.
Crypto prices
More
