Investment Banks Hike AI Stock Price Targets on June 2; Micron Jumps $530 to $1,100

According to BlockBeats, on June 2, multiple investment banks released AI infrastructure research reports, identifying storage and memory as the strongest investment thesis. Micron (MU) led the rally, with Raymond James dramatically raising its target price from $530 to $1,100 on June 1, while Susquehanna and GF Securities set SanDisk (SNDK) targets at $3,250 and $1,277 respectively, citing severe supply-demand imbalances in enterprise-grade SSDs and strong cloud data center AI storage demand.

Other major targets saw upgrades: Silicon Motion (SIMO) received a $320-to-$450 target hike from BofA; Amazon (AMZN) was lifted from $310 to $320 by Truist; Vistra (VST) remained a Buy near $212; and Ecolab (ECL) received targets of $325-$345 from UBS and BofA. Goldman Sachs maintained Nvidia (NVDA) at Buy with a $285 target.