Micron Technology: How High Can The Stock Realistically Soar?

17 hours ago 3

Vandita Jadeja

Wed, June 3, 2026 astatine 10:05 AM CDT 4 min read

Quick Read

MU surged to $895.88 aft UBS raised its people to $1,625, but 24/7 Wall St. issues a SELL with a $477 12-month target.
Trailing P/E of 35x astatine peak-cycle net and 65 nett insider income awesome the risk/reward skews sharply against buyers astatine existent prices.
CEO Sanjay Mehrotra forecasts HBM TAM increasing 40% annually to $100 cardinal by 2028, arsenic DRAM's demand-supply spread hits grounds levels.
The expert who called NVIDIA successful 2010 conscionable named his apical 10 stocks and Micron Technology wasn't 1 of them. Get them present FREE.

Micron Technology (NASDAQ:MU) conscionable joined the trillion-dollar nine aft a 19.29% single-day surge connected UBS expert Timothy Arcuri's terms people hike from $535 to $1,625. Micron present trades astatine $895.88. The question for investors is whether thing is near successful the tank.

Our 24/7 Wall St. terms people for Micron is $476.66 implicit the adjacent 12 months, implying 46.79% downside. Our proposal is merchantability with a 90% assurance level. A representation cyclical trading astatine 35x trailing net aft a 861.83% one-year tally does not quadrate mathematically.

Why We Could Be Wrong

Micron is 1 of the astir divisive stocks successful the market. Real upside could travel from HBM bid books that are sold retired for each of calendar 2026, oregon from the company's industry-leading HBM4 merchandise moving astatine implicit 11 gigabits per second. A elaborate bull lawsuit appears below.

From $93 to a Trillion-Dollar Cap successful 12 Months

Micron is up 214.04% twelvemonth to day and 80.36% successful the past period alone.

Fiscal Q1 2026 results drove the move: gross of $13.643 billion, up 56.6% twelvemonth implicit year, non-GAAP EPS of $4.78 versus $3.94 expected, and GAAP gross borderline expanding to 56% from 38.4% from a twelvemonth earlier. Management guided Q2 gross to a grounds $18.70 cardinal with EPS of $8.42. On May 26, Reuters reported Micron's introduction into the trillion-dollar nine alongside SK Hynix, and UBS raised its terms target.

The expert who called NVIDIA successful 2010 conscionable named his apical 10 stocks and Micron Technology wasn't 1 of them. Get them present FREE.

The Case for $1,625 and Beyond

Bulls person ammunition. CEO Sanjay Mehrotra told analysts the institution forecasts "an HBM TAM CAGR of astir 40% done calendar 2028, from astir $35 cardinal successful 2025 to astir $100 cardinal successful 2028". He added that "the spread betwixt the request and proviso for each of DRAM, including HBM, is truly the highest that we person ever seen".

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