Micron Technology MU drew attention Friday after Susquehanna lifted its price target on the memory-chip maker, citing firm demand trends across DRAM and NAND markets, according to a Friday research note.

Susquehanna raised its target on Micron Technology to $1,750 from $600. The brokerage said Micron Technology continues to benefit from stronger pricing in DRAM, partly as more supply is directed toward high-bandwidth memory products and server-related applications tied to artificial intelligence workloads.

The firm also said Micron Technology may see additional support from growing demand for NAND storage used in AI inference systems. Susquehanna noted enterprise solid-state drive demand appears likely to strengthen in the second half of 2026, particularly from cloud service providers increasing large-scale purchases.

At the same time, Susquehanna said Micron Technology is operating in a tighter supply environment that could pressure hardware production across the broader server market. The brokerage said limited memory availability may reduce shipments for some original equipment manufacturers later this year, potentially shifting some server and storage deliveries into the first half of 2027.

Micron Technology shares climbed about 4% in Friday trading.