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stocksJun 26, 2026, 7:32 AM

HSBC Raises Micron Price Target to $170 on AI Memory Demand

HSBC has increased its price target for Micron Technology to $170 from $110, citing strong AI-driven memory demand.

MU

HSBC has raised its price target for Micron Technology (MU) to $170, up from the previous $110, reflecting a more bullish outlook on the chipmaker.

The upgrade is attributed to robust demand for AI-related memory chips, which is expected to drive Micron's earnings growth. The new target implies significant upside from current trading levels.

No additional details on the rationale or target date were provided in the source post.

Source: First Squawk