Micron (MU) surged 240% in 2026 on an AI memory boom, with $100 billion in customer commitments anchoring a $964.63 HOLD price target. Sandisk's steeper NAND growth curve and Western Digital's steady HDD gains make MU's 6x forward multiple look defensible against storage peers. Michael Burry has built bearish positions against MU while insiders show net selling, setting a bear case of $706 against a bull target of $1,334.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Micron Technology didn't make the cut. Grab the names FREE today. Micron Technology's (NASDAQ:MU) run this year has been extraordinary.
The stock is up 240.65% year to date, riding an unprecedented AI-driven memory cycle that pushed fiscal Q3 revenue to $41.46 billion and set up a jaw-dropping fiscal Q4 guide. Our 24/7 Wall St. price target for Micron is $964.63, sitting almost exactly at the current quote after a historic run. Our recommendation is hold with a high-confidence read of 90%.
Our target sits fractionally below where Micron trades today. The bull case is legitimate. HBM4 is ramping twice as fast as HBM3E, and management has already signed 16 Strategic Customer Agreements representing roughly $100 billion in cumulative minimum revenue commitments.
Either could rerate the stock higher. Treat our target as one datapoint among many. Micron opened 2026 near $285.23 and touched a 52-week high of $1,254.81 before pulling back.
Q3 fiscal 2026 delivered a 345.7% YoY revenue jump and non-GAAP EPS of $25.11 versus a $20.28 consensus. GAAP gross margin hit 84.6%. Fiscal Q4 is guided to $50 billion in revenue and $31 in non-GAAP EPS.
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