Micron Technology: How High Can The Stock Realistically Soar?

1 week ago 15

Vandita Jadeja

Wed, June 3, 2026 astatine 10:05 AM CDT 4 min read

Quick Read

MU surged to $895.88 aft UBS raised its people to $1,625, but 24/7 Wall St. issues a SELL with a $477 12-month target.
Trailing P/E of 35x astatine peak-cycle net and 65 nett insider income awesome the risk/reward skews sharply against buyers astatine existent prices.
CEO Sanjay Mehrotra forecasts HBM TAM increasing 40% annually to $100 cardinal by 2028, arsenic DRAM's demand-supply spread hits grounds levels.
The expert who called NVIDIA successful 2010 conscionable named his apical 10 stocks and Micron Technology wasn't 1 of them. Get them present FREE.

Micron Technology (NASDAQ:MU) conscionable joined the trillion-dollar nine aft a 19.29% single-day surge connected UBS expert Timothy Arcuri's terms people hike from $535 to $1,625. Micron present trades astatine $895.88. The question for investors is whether thing is near successful the tank.

Our 24/7 Wall St. terms people for Micron is $476.66 implicit the adjacent 12 months, implying 46.79% downside. Our proposal is merchantability with a 90% assurance level. A representation cyclical trading astatine 35x trailing net aft a 861.83% one-year tally does not quadrate mathematically.

Why We Could Be Wrong

Micron is 1 of the astir divisive stocks successful the market. Real upside could travel from HBM bid books that are sold retired for each of calendar 2026, oregon from the company's industry-leading HBM4 merchandise moving astatine implicit 11 gigabits per second. A elaborate bull lawsuit appears below.

From $93 to a Trillion-Dollar Cap successful 12 Months

Micron is up 214.04% twelvemonth to day and 80.36% successful the past period alone.

Fiscal Q1 2026 results drove the move: gross of $13.643 billion, up 56.6% twelvemonth implicit year, non-GAAP EPS of $4.78 versus $3.94 expected, and GAAP gross borderline expanding to 56% from 38.4% from a twelvemonth earlier. Management guided Q2 gross to a grounds $18.70 cardinal with EPS of $8.42. On May 26, Reuters reported Micron's introduction into the trillion-dollar nine alongside SK Hynix, and UBS raised its terms target.

The expert who called NVIDIA successful 2010 conscionable named his apical 10 stocks and Micron Technology wasn't 1 of them. Get them present FREE.

The Case for $1,625 and Beyond

Bulls person ammunition. CEO Sanjay Mehrotra told analysts the institution forecasts "an HBM TAM CAGR of astir 40% done calendar 2028, from astir $35 cardinal successful 2025 to astir $100 cardinal successful 2028". He added that "the spread betwixt the request and proviso for each of DRAM, including HBM, is truly the highest that we person ever seen".

Read Entire Article