Aletheia doubles Micron price target to $650 on AI demand

Micron shares rose nearly 6% after Aletheia more than doubled its price target to $650, maintaining a 'Buy' rating. Analysts cited rapid growth in agentic AI workloads driving demand for high-bandwidth memory. The firm tripled its 2027 EPS estimates and doubled 2026 estimates. Micron is a leading producer of HBM modules essential for AI applications.