Analysts Raise Price Targets for AI Tech Giants

Financial analysts issued a series of upgrades and positive outlooks for major artificial intelligence companies this week, focusing on software efficiency and hardware demand. Stifel upgraded Microsoft to a Buy rating with a price target of $575, noting that Azure continues to show upside and has improved its ability to convert capacity into revenue.

Meta Platforms Incorporated saw positive sentiment following its Connect event. Analysts from Evercore ISI and Raymond James raised price targets for the company to $860, with some predicting shares could reach $1,000 after the introduction of the Muse AI agent as a primary growth driver.

In the semiconductor sector, Citi raised its price target for Micron Technology to $1,300 in anticipation of a rally before the SEMICON West conference, driven by high demand for DRAM. Simultaneously, Rosenblatt Securities initiated coverage of SanDisk with a Buy rating and a $2,400 target, arguing that AI is shifting NAND flash memory from a commodity into critical computing infrastructure.