At the start of last year, Micron wasn't even among the top 100 U.S. companies. Its fortunes have changed dramatically since then.
Shares of Micron Technology (NASDAQ:MU | MU Price Prediction) are up 7% in Monday morning trading, changing hands at around $579 after closing Friday at $542.21.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
While the late 2025 news that Micron (NASDAQ: MU) is abandoning the consumer sector triggered some investor anxiety, the 2026 stock market demonstrated that the technology giant has, so far, been correct.
Finding strong, market-beating stocks with a positive earnings outlook becomes easier with the Focus List, a top feature of the Zacks Premium portfolio service.
Micron (NASDAQ: MU | MU Price Prediction) has been on an extraordinary run.
Shares of Micron Technology rose sharply on Wednesday, gaining more than 5% as optimism around artificial intelligence-driven demand lifted sentiment across memory and storage stocks. The rally comes amid broader strength in the sector following upbeat results from Seagate Technology, reinforcing expectations that enterprise spending on data infrastructure remains robust despite recent concerns over the sustainability of the AI boom.
One analyst says the next leg of the Micron rally needs to come from something other than what's driven the stock up so sharply over the past year.
The AI trade has been one of the most powerful market narratives in decades, but it's also been one of the most narrowly defined.
DA Davidson initiated coverage of Micron (NASDAQ: MU) on Tuesday, April 28, giving it a “Buy” rating and an unprecedented $1,000 price target.
Micron stock (NASDAQ: MU) rally looks impressive as the stock has climbed about 40% this month and was changing hands at $524.56 on Tuesday. That move has now drawn two separate $700 price targets, one from Melius Research's Ben Reitzes in a fresh April 27 initiation and another from Cantor Fitzgerald's C.J.
Micron Technology has surged over 200%, yet I see further upside driven by strong quarterly results and robust AI-related demand. Micron trades at a single-digit forward P/E, making it undervalued despite its rally, especially if strong performance proves sustainable. Accelerating free cash flow enables increased R&D and technology advancement, supporting MU's position as a core AI technology provider.