BlockBeats News, June 25th - U.S. investment bank DA Davidson released a research report stating that Micron Technology has entered a new phase with one of the best earnings visibility in the semiconductor industry, contrasting sharply with its past role in the semiconductor market. Boosted by another quarter of results well above expectations and a positive forward-looking guidance, the stock price soared. These signals indicate that the current memory chip boom is far from over.

Despite the company's increasing investment in capacity (with capital expenditures expected to reach $10 billion in the fourth quarter of the 2026 fiscal year), which will bring additional supply, management anticipates that the storage market will remain in a tight supply-demand balance at least until 2027.

Based on this, DA Davidson reiterated a "Buy" rating on Micron and raised the price target from $1500 to $2000, corresponding to a 20x price-earnings ratio based on the 2026 calendar year expected earnings per share (EPS).