Storage has dropped badly, and the result was Coca-Cola surging 5%. Funds have already flowed out of the overcrowded AI sector from the past period and gone into defensive stocks.

How high exactly does Wall Street think Micron will go?
Recently, multiple institutions have concentrated on raising their Micron target prices:
Susquehanna: $2,000
DA Davidson: $2,000
TD Cowen: $1,600
KeyBanc: $1,600
Deutsche Bank: $1,550
Bank of America: $1,550
Wells Fargo: $1,525
Raymond James: $1,500
RBC: $1,500
Rosenblatt: $1,500
Wedbush: $1,400
Mizuho: $1,375
Morgan Stanley: $1,200
Goldman Sachs: $1,100
At present, Wall Street’s average target price is about $1,569, with the highest already seeing $2,200. Out of 30 analysts, 29 recommend buying.
The core logic behind institutions staying bullish is very clear: AI data centers are driving demand for HBM and DRAM, storage supply remains tight, and there is still room for prices and profit margins to keep rising.
My logic for holding Micron hasn’t changed either. As long as AI capital expenditures have not clearly cooled off, the storage cycle hasn’t finished yet. Of course, target prices are just references—the real driver of the stock price is still earnings delivery.