Micron Stock Seen Rising 8% to $1,120 or 80% to $1,870 on AI Demand
Updated
Updated · Yahoo Finance · Sep 21
Micron Stock Seen Rising 8% to $1,120 or 80% to $1,870 on AI Demand
3 articles · Updated · Yahoo Finance · Sep 21
Summary
$1,120 is Micron's 12-month base-case target, implying about 8% upside if the stock keeps trading at roughly six times forward earnings.
$1,870 is the bull-case target—about 80% upside—if investors re-rate Micron to 10 times forward earnings as AI demand proves more durable than past memory cycles.
248% revenue growth is expected in fiscal 2026, followed by 91% in 2027 and 14% in 2028, extending a rebound after sales rose 62% in fiscal 2024 and 49% in fiscal 2025.
HBM DRAM for Nvidia-linked AI servers and NAND SSDs for data centers are driving that surge, while HBM's heavier wafer use has tightened supply of lower-end memory and supported broader chip pricing.