Micron rated Strong Buy on agentic AI demand

Micron Technology holds a Strong Buy rating with a $1,673/share target, driven by tight memory markets and accelerating agentic AI adoption. Multi-year customer agreements and DRAM/NAND capacity expansion position the company to capitalize on supply constraints through at least 2028. Forecasts for eq3'26 include $35 billion net revenue and $19.89 EPS.