A new chapter in the semiconductor market is unfolding as AI-driven computing reshapes data center demand, driving memory prices higher. Micron Technology is back in focus with strong analyst backing and a growing role as a key memory supplier for AI servers. Needham analyst Quinn Bolton raised Micron’s price target to $300, citing robust data center demand and limited capacity expansion.

Micron, based in Boise, Idaho, is the only U.S.-based DRAM, NAND, and NOR memory manufacturer with a market cap of $253.5 billion. Despite recent share pullbacks, Micron has seen significant YTD growth and delivered a standout first quarter with record revenue and EPS.

Micron’s recent technical wobble didn’t deter bulls, and a technical reset combined with strong Q1 performance boosted share prices. Micron’s strong financial performance, improving margins, and robust demand visibility suggest the stock is reasonably valued.

Micron’s Q1 performance showcased strong revenue growth across its business units, with record revenue in the Cloud Memory Business Unit and Core Data Center segment. The company also achieved record cash flow and ended the quarter with a strong balance sheet.

Looking ahead, Micron expects momentum to strengthen, supported by industry demand and supply constraints. Management forecasts strong revenue, EPS, and gross margins for Q2, indicating a cycle turning in Micron’s favor.

Analysts are optimistic about Micron’s future performance, with Needham analyst Quinn Bolton raising his price target to $300. Analysts predict strong revenue and EPS growth for fiscal 2026 and 2027, with Baird projecting peak EPS in fiscal 2027.

Micron stock has a consensus “Strong Buy” rating, with analysts bullish on the company’s future prospects. The average price target for MU is $252.44, with Baird’s target of $443 suggesting significant upside potential.

Read more at Yahoo Finance: This Analyst Just Raised Their Micron Stock Price Target by 50%. Should You Buy Shares Here?