Overview
- Micron jumped about 11% on Jan. 2 and traded near $315, with roughly 41.9 million shares changing hands and options flow skewing bullish.
- Sanford C. Bernstein raised its price target to $330 from $270, while other targets now span roughly $300 to $500 across firms including Rosenblatt, JPMorgan, Morgan Stanley, HSBC, KeyBanc and Bank of America.
- Recent results showed revenue up 56.7% year over year, and Micron guided Q2 FY2026 EPS to $8.22–$8.62.
- The company says its high‑bandwidth memory capacity is fully allocated through 2026 as manufacturers shift output toward AI server components, tightening supply for smartphones and USB storage.
- Samsung’s T.M. Roh described the shortage as unprecedented, and CEO Sanjay Mehrotra expects tight markets beyond 2026, with some analysts projecting the AI‑memory upcycle could extend into 2027.