Woofun AI reports that Bank of America Securities has raised its price target for Micron from $1,500 to $1,550 while reiterating a "Buy" rating. The analyst firm increased its future annual earnings per share forecast by 4% to 7%, utilizing a sum-of-the-parts valuation method. This adjustment follows strong quarterly results that reinforce the constructive outlook on memory's role in AI and increasing supply-side discipline. Strategic customer agreements have expanded to 16, covering approximately 35% of AI capital expenditure, which enhances visibility and reduces volatility despite potentially limiting short-term pricing upside.