Analyst Predicts Continued Growth for Micron, Intel, and SanDisk Amid AI Demand
Micron, Intel And SanDisk Could Have More Room To Run Amid AI Frenzy, Analyst Says: 'Just Took Our Targets Up'
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Melius Research analyst Ben Reitzes forecasts ongoing growth for Micron Technology Inc., Intel Corp., and SanDisk Corp. due to strong demand for AI infrastructure. Target prices for these companies have been raised significantly, reflecting their improved predictability and market value amidst AI-driven demand.
- 01Micron's stock has surged approximately 139% this year, with a new target price raised to $1,100.
- 02SanDisk's stock has increased over 460% in 2026, prompting a target price hike to $2,350.
- 03Intel's shares have gained more than 193% this year, with its target price increased from $100 to $150.
- 04All three companies are benefiting from long-term agreements that enhance revenue predictability.
- 05Benzinga Edge Stock Rankings show Micron and Intel with Momentum scores in the 99th percentile, while SanDisk scores in the 100th percentile.
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Melius Research analyst Ben Reitzes predicts a continued rally in semiconductor stocks, particularly for Micron Technology Inc. (NASDAQ: MU), Intel Corp. (NASDAQ: INTC), and SanDisk Corp. (NASDAQ: SNDK), driven by the growing demand for artificial intelligence infrastructure. Reitzes raised the target prices for these companies, citing long-term agreements that enhance revenue predictability in a typically volatile sector. Micron's stock has surged about 139% this year, prompting a new target price of $1,100, while Bank of America also increased its target to $950. SanDisk has experienced an impressive 460% increase, leading to a target price adjustment to $2,350. Intel's stock has risen more than 193%, with its target price raised from $100 to $150. The analyst suggests that the AI-driven demand is creating supply bottlenecks, allowing these chipmakers to capture more market value than traditional software companies. Overall, the momentum for these stocks remains strong, with high percentile rankings indicating robust price trends.
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The growth in these semiconductor companies could lead to increased investment in AI infrastructure, impacting technology sectors and job creation.
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