JP Morgan and TD Cowen are bullish on Micron, targeting 1,500+, and this AI memory cycle is indeed strong—revenue rose fourfold in the earnings report, plus $250B for capacity expansion; the memory leader’s dominance is confirmed.

CoinDesk news: JP Morgan’s Harlan Sur has raised Micron (Micron, MU)’s stock price target to $1,540, offering 64.35% upside versus current price levels. TD Cowen’s Krish Sankar has also increased the target price to $1,600, expecting 70.76% upside. Micron is a major beneficiary of the current AI boom, with its AI memory chips holding a key position in the industry. Micron’s most recent earnings report shows that revenue grew more than fourfold year over year, reaching $41.46 billion, while net profit was $28.86 billion. The company also announced a $250 billion investment plan to boost domestic production capacity and meet demand amid a global memory chip shortage.