10 Trending AI Stocks on Wall Street

2. Micron Technology, Inc. (NASDAQ:MU)

Number of Hedge Fund Holders: 105

Micron Technology, Inc. (NASDAQ:MU) is one of the 10 Trending AI Stocks on Wall Street. On January 13, KeyBanc analyst John Vinh raised the price target on the stock to $450.00 (from $325.00) while maintaining an Overweight rating. Firm analysts see a stronger-for-longer cycle for MU, anticipating a different cycle this time.

Analysts noted that the Greenfield capacity is not anticipated to come online until mid-2027 at the earliest, underpinning the firm’s view that the current memory cycle is structurally different and likely to be stronger for longer.

The firm has kept its estimates unchanged, noting that they remain well above consensus estimates.

“MU (positive, Overweight, increasing PT to $450 from $325) – We believe this cycle is different this time and will be stronger for longer. Greenfield capacity not expected to come online until mid-2027 at the earliest. We are not changing ests, as our ests remain well above cons with our FY27 (Aug) rev/EPS ests at $94.4B/$45.20, while the Street is at $89.6B/$40.88.”

Micron Technology, Inc. (NASDAQ:MU) develops and sells memory and storage products for data centers, mobile devices, and various industries worldwide.