Two memory stocks, two different setups: at $1,562, SanDisk (NASDAQ:SNDK | SNDK Price Prediction) is a sell, and at $746, Micron Technology (NASDAQ:MU) is a hold.
Following its explosive rally in 2026, semiconductor giant Micron Technology (NASDAQ: MU) could still have substantial upside ahead, with a trading expert projecting the stock may surge toward $3,000 over the next few years.
Shares of memory chip maker Micron have been on a tear this year, and some investors are betting this week will be more of the same.
Dallas Fed models show a 3-quarter Iran War oil shock could lift core inflation and push oil to $167, reshaping sector outlooks.
Recently, Zacks.com users have been paying close attention to Micron (MU). This makes it worthwhile to examine what the stock has in store.
Micron stock price continued firing in all cylinders today, May 11, as demand for its products soared. MU jumped by over 6% to $790, continuing an uptrend that started in April last year when it bottomed at $64.
Micron expects meaningful new industry memory capacity only after 2028, supporting prolonged tight supply and stronger pricing power. AI-driven demand for DRAM, NAND, and SSDs is outpacing supply, with new capacity unlikely before 2028, supporting higher pricing and utilization. MU's financial profile has transformed, with nearly $12B operating cash flow, $7B free cash flow, and a 30% dividend increase reflecting earnings durability.
AI hyperscaler spending is driving soaring demand for memory and storage chips, boosting MU, WDC and SNDK prospects.
Micron Technology is experiencing an unprecedented memory chip super-cycle, fueled by soaring AI data center demand and severe supply shortages. MU's EPS is expected to surge 600% YoY to $58 in FY26, with another 75% growth in FY27, driven by 6x price increases in DRAM and NAND. Despite a 7.7x share price gain in 12 months, MU trades at a forward P/E of 12.9x, below its 15-year average, indicating further upside potential.
Micron Technology (NASDAQ:MU) is set to open at a record high this morning, as the chipmaker continues to power the resurgent semiconductor sector.
Micron (NASDAQ: MU) stock received one of the most noteworthy upgrades on May 11, with Deutsche Bank raising its price target on the memory chipmaker to $1,000 while maintaining a ‘Buy' rating.
A shortage of memory chips has stocks soaring in the sector in the last month. Chipmakers are detaching from the broader market on Monday as energy prices weigh on equities.