Micron Stock Is Soaring. Time to Buy?
Shares of Micron Technology (NASDAQ: MU) jumped last week after the company reported record fiscal first-quarter 2026 results and issued upbeat guidance for the current quarter. This added to an already strong performance for the tech company's stock this year, putting its year-to-date return at more than 200%.
The memory-chip specialist, which sells high-performance memory (DRAM) and storage devices (NAND) used in data centers and other computing devices, is benefiting from a wave of demand tied to AI (artificial intelligence) workloads. That demand has helped turn a once-weak earnings profile into a surge in profits and cash flow.
But the challenge now is deciding whether Micron's recent improvement in fundamentals truly justifies the stock's massive move higher.
Source Fool.com
Micron Technology Inc. Stock
With 133 Buy predictions and not a single Sell prediction Micron Technology Inc. is an absolute favorite of our community.
On the other hand, the target price of 342 € is below the current price of 343.75 € for Micron Technology Inc., so the potential is actually -0.51%.
