D.A. Davidson Forecasts Micron Shares Triple to $3,000

D.A. Davidson set a $3,000 price target for Micron shares, citing tight memory supply through 2028 and long-term agreements with Amazon, Microsoft, Google, Nvidia, and Apple. The firm argues the company should rerate toward a 20x earnings multiple, noting that more than 75% of current shipments are committed and that customer de-specing indicates future demand.