Micron stock rockets near 800 as Deutsche Bank targets 1000 in a blistering rally

Published on 11 May 2026

Revenues soared, but the valuation still looks cheap

Micron (MU) jumped 6% to about $790, testing a 52-week high near $818, as Deutsche Bank lifted its price target to $1,000. The turnaround is driven by a surge in DRAM revenue, up 207%, and total revenue rising to $23.86 billion. Despite the run, MU trades at a forward P/E of 12—half the sector’s median—raising the question: will momentum last or fade fast?

Micron shares surged 6% to around $790, near a 52-week high
Deutsche Bank raised its price target to $1,000
DRAM revenue jumped 207% and total revenue reached $23.86 billion
Forward P/E at 12 suggests a cheaper valuation than peers

#stocks #dram #semiconductors #deutsche bank #micron

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

Micron stock rockets near 800 as Deutsche Bank targets 1000 in a blistering rally

The full experience is on mobile.