Micron Technology Stock Surges, Analysts Predict Target Price of $550 by End of 2026

Gate News reports that on March 19, Micron Technology, a global leader in semiconductor memory manufacturing, saw a significant increase in its stock price, driven mainly by surging demand for high-bandwidth memory (HBM), DRAM (Dynamic Random Access Memory), and NAND (flash memory chips) in AI data centers. The company announced that its revenue for the first quarter of fiscal year 2026 (September to November 2025) reached $13.6 billion, a 57% year-over-year increase. This growth was fueled by AI-related memory demand and industry supply tightening, leading to substantial rises in net profit and earnings per share (EPS), surpassing Wall Street expectations.

Micron’s guidance for the second quarter of fiscal year 2025 (December 2025 to February 2026) projects revenue of $18.7 billion, with gross margin approaching 68%, representing over 130% year-over-year growth. Analysts remain optimistic about Micron’s future, with some predicting a stock price target of $550 by the end of 2026, more than 30% above current levels. The company’s strategic positioning in AI infrastructure, especially with HBM capacity locked in through agreements for 2026, supports this bullish outlook.

However, potential risks include a slowdown in AI server spending or macroeconomic shocks. Despite these risks, as long as investments in AI infrastructure remain strong, current trends indicate that growth will continue.