By Joel South
Publication Date: 2026-03-09 14:45:00
Wall Street is growing increasingly bullish on three AI infrastructure projects heading into a busy earnings streak, with analysts raising their price targets Micron technology (NASDAQ:MU), oracle (NYSE:ORCL) And Semtech (NASDAQ:SMTC) due to the increasing demand for AI infrastructure.
The signal from all three names is bullish in the direction, although the conviction levels and short-term setups vary widely.
Micron has the strongest institutional momentum of the three. Citi raised its price target to $430 from $385 and maintained its Buy rating ahead of the company’s next earnings report on March 18. Meanwhile, Susquehanna raised its price target to $525 from $345 and maintained its positive rating as average selling prices for DRAM and NAND in the quarter to date were well above expectations for January.
The fundamental background supports this optimism. Micron posted non-GAAP EPS of $4.78 in its most recent quarter, versus an estimate of $3.77, and the company forecast second-quarter revenue of…
