Overview
- Micron shares have climbed about 24% over the past month, and a $1,000 investment a year ago would be worth roughly $2,512.
- Morgan Stanley says DRAM spot prices have tripled in a short span and describes buyer reports of a shortage reminiscent of 2018.
- Exploding data-center demand lifted recent quarterly revenue by 46% and expanded margins, with data-center sales now accounting for more than half of company revenue.
- Mizuho reaffirmed an Outperform rating after meetings with executives, highlighting strong HBM demand through 2027 and a roadmap featuring HBM4e and custom HBM.
- Analysts cite EPS estimates of about $16.79 for fiscal 2026 and $18.70 for the following year, while targets have risen, including Wells Fargo’s move to $300.