Needham reiterates Buy on Micron and NVIDIA with $1650 and $300 targets
Needham kept Buy ratings on Micron and NVIDIA, with price targets of $1650 and $300, according to a TradingView report based on Benzinga data.
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what happened
Needham reiterated its Buy rating on Micron Technology and kept a $1650 price target. That level implies a 80.6% gain from the October 21 close of $913.67. The note points to demand for high-bandwidth memory from data center operators and to the company's 1-delta node roadmap, which is expected to improve bit density and performance.
For NVIDIA, Needham also kept a Buy rating with a $300 target, implying 35.2% upside from the $221.97 close. The analyst expects the Blackwell and Rubin architectures to push the data center business beyond the company's $1 trillion target, and substrate capacity is set to rise 2.5 times over three years.
Source: TradingView, using Benzinga data.
why it matters
Notes like these come out regularly and rarely move the market on their own, but they show how analysts view demand for AI chips and memory. For Micron and NVIDIA, data center growth and component supply capacity remain the key factors to watch.
tags
instruments
sources
- Needham reiterates Buy rating on Micron Technology, $1650 price target — TradingView, 22 October 2026 at 09:57 UTC
- Needham reiterates Buy rating on NVIDIA, $300 price target — TradingView, 22 October 2026 at 09:52 UTC
- Needham reiterates Buy rating on GSI Technology, $9 price target — TradingView, 22 October 2026 at 10:00 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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