Selected Stock Price Target News of the Day — June 18, 2026

Micron Stock Price Target: TD Cowen and Deutsche Bank Both Reach $1,500 on HBM Supply Squeeze

Analyst Actions on MU

Seven desks raised their Micron price targets in a three-day cluster ending June 18. TD Cowen’s Krish Sankar moved first. He reached $1,500 two days before Deutsche Bank’s Melissa Weathers matched him. Weathers lifted her target from $1,000 to $1,500 and kept a Buy rating. Cantor Fitzgerald’s C.J. Muse reached the same $1,500 level a week earlier. RBC Capital’s Srini Pajjuri set his target at $1,200. Wells Fargo’s Aaron Rakers moved to $1,220. Wolfe Research’s Chris Caso raised his target to $1,250 last week. Goldman Sachs’s James Sheehan moved to $900 from $400, though he kept a Neutral rating. Morgan Stanley’s Joseph Moore raised his target to $1,050 two weeks ago. Needham also joined the cluster, with targets across the group spanning $1,200 to $1,550. That is a rare pattern. It is unusual for seven different desks to move the same stock’s price target within a single week.

Context

Micron makes computer memory chips. That includes DRAM, NAND flash, and high-bandwidth memory used in AI chips. Memory chips like these sit inside nearly every server, phone, and PC sold today. That puts Micron in a strong spot as AI data centers grow. The company reported second-quarter fiscal 2026 results in March. Revenue came in at $23.86 billion, up 196% year over year. Non-GAAP EPS was $12.20, well above the Street’s $8.79 consensus. DRAM segment revenue hit $18.8 billion, up 207% year over year. Average selling prices rose in the mid-60% range quarter over quarter. Micron guided to third-quarter revenue of about $33.5 billion and EPS of $19.15. Those results are due June 24. The analyst cluster on June 17 and 18 was pre-earnings positioning.

Citi projected that DRAM spot prices are running 21% above contract prices. It expects contract prices to keep climbing through the rest of 2026. Citi also expects a 5% global supply deficit to persist. Micron’s entire 2026 HBM capacity is already sold out under binding contracts, yet management has said it can fill only 50% to 67% of memory orders from key customers. The underlying thesis is the same across the cluster. Demand for high-bandwidth memory is outrunning supply. AI training and inference are driving that demand, and Micron sits right at that supply gap. The three-day run of price target raises reflects a shared read on memory supply tightness extending well into 2027.

Intuit Stock Price Target: Stifel Downgrades to Hold, Cuts Target

Analyst Actions on INTU

Brad Reback at Stifel downgraded Intuit from Buy to Hold this morning. He cut his target from $375 to $275, a $100 reduction. It’s the second price-target cut he’s issued on INTU in three weeks. Reback moved from $500 to $375 after Intuit’s third-quarter results but held the rating at the time. Now the rating goes too.

Context

Intuit sells TurboTax, QuickBooks, and Credit Karma. Its software helps people file taxes and run small businesses. The $275 target lands essentially at Goldman Sachs analyst Kash Rangan‘s level. Rangan downgraded INTU to Sell from Neutral two weeks ago and set a $276 target. Two analysts. Two different firms. One dollar apart.

Not every view on Intuit is negative. Mizuho‘s Siti Panigrahi holds Outperform at $500. Barclays‘ Raimo Lenschow carries Overweight at $443. Truist Securities‘ Arvind Ramnani holds Buy at $410. But the pattern over three weeks is hard to argue with. Mizuho, UBS, Evercore, RBC, Wells Fargo, BMO Capital, and now Stifel have all moved their targets lower since Q3 earnings.

Intuit reported third-quarter fiscal 2026 results on May 20. Revenue came in at $8.558 billion, below the $8.61 billion consensus. TurboTax grew 7% year over year, short of buy-side expectations of 10% or more. TurboTax online units are on track to decline roughly 2% for the full fiscal year. The company cut 17% of its workforce, about 3,100 employees, and booked $300 million to $340 million in restructuring charges.

Gabriela Borges at Goldman Sachs downgraded Intuit to Sell on June 2, pricing the stock at $276. Her call cited an AI cost asymmetry. Processing a standard federal tax return with an AI model costs about $0.12. That compares with TurboTax’s blended average revenue per return of roughly $162. Goldman also found TurboTax lost about 9 percentage points of paid search ad impression share in one tax season, its share falling from 39.5% to 30.7%, ceded to competitors including Perplexity Tax and Chime Tax.

Reback’s Pattern Of Cuts

Reback’s June 18 downgrade was the third price-target cut he has issued on Intuit in four months. He went from $800 to $500 on February 27, then $500 to $375 on May 21. Today’s downgrade takes it from $375 to $275. That’s a two-thirds cut to Reback’s Intuit target since February.

Which Analyst Has the Best Track Record on INTU?

Reback’s AnaChart profile shows a 67.3% overall hit ratio across 1,196 price targets and ratings. On INTU specifically, his average potential upside per call is $68.93, or 15.83%. Reback held Buy through two rounds of PT cuts. Still, today’s downgrade breaks that streak. Reback also covers Snowflake, ServiceNow, and Workday.

Lam Research: Citigroup Raises Price Target in Semiconductor Equipment Note

Analyst Actions on LRCX

Lam Research makes machines used to build computer chips. It focuses on etch and deposition tools, which chipmakers need to produce advanced chips. Atif Malik’s Wednesday note at Citi covered more than Micron. He also raised his target on Lam Research from $315 to $450, a $135 increase. The same note moved Applied Materials from $550 to $710 and KLA Corporation from $206.40 to $290.

Context

Malik’s June 18 note on Lam Research was a dedicated wafer fab equipment sector call, separate from the Micron note. His thesis centers on hyperscaler capital expenditure, which is tracking up 84% in 2026. He also points to an agentic AI shift driving a structural demand surge in NAND beyond the HBM cycle. Citi projected total WFE spending of $145 billion in 2026, up from $120 billion in 2025. Lam reported third-quarter fiscal 2026 revenue of $5.841 billion, up 24% year over year. Non-GAAP EPS came in at $1.47, above the $1.41 consensus. Fourth-quarter guidance called for revenue of $6.60 billion. Lam’s etch and deposition tools account for roughly 20% of global WFE market share. Its HBM stacking and through-silicon via tools are growing faster than the base business.

Oppenheimer’s Ed Yang reached $400 two days earlier. Cantor Fitzgerald’s C.J. Muse reached $425 a week ago. UBS’s Timothy Arcuri moved to $375. Wells Fargo’s Joseph Quatrochi raised to $365. Still, Malik’s $450 is the highest published target on Lam in the current analyst range.

Which Analyst Has the Best Track Record on LRCX?

Malik’s 90.89% hit ratio covers his full chip coverage list. That list includes Lam Research, AMAT, KLAC, NVMI, and Micron. The raise from $315 to $450 matches in scale what he did to Micron and Applied Materials in the same note. Malik’s coverage list is broad for a chip specialist. It spans both chipmakers and the equipment makers that supply them.

AnaChart tracks the full record for Atif Malik, Brad Reback, and hundreds of other analysts covering semiconductor and software names. The database holds 661,383 price targets and 759,654 ratings across 7,191 analysts and 18 years of data. The complete dataset is available in the analyst price target dataset.