Micron Technology, Inc. (NASDAQ: MU) is a top AI stock with a price target raised to $500 from $300 by Rosenblatt. November quarter results and February guidance exceed consensus. Record high Non-GAAP GM of 68% expected in February quarter. Micron is bullish on memory and storage demand in the AI era with long-term upside potential.

Management guides for strong demand to outstrip supply into CY27. Rosenblatt sees record gross margins and tight supply driving long-term upside. Micron develops memory and storage products for data centers and mobile devices globally. Firm views memory and storage demand accelerating in the AI era, with potential for significant upside.

Rosenblatt estimates $36 in FY27E earnings for Micron. The firm raises the 12-month price target to $500 from $300. Micron stands to benefit from the increasing importance of memory and storage in the Age of AI. Other AI stocks may offer greater upside potential, but Micron remains a strong investment choice.

Read more at Yahoo Finance: Micron (MU) Gets $500 Target as AI Drives DRAM and NAND Demand