1. Micron Technology, Inc. (NASDAQ:MU)
Micron Technology, Inc. (NASDAQ:MU) secures a spot on our list of the best memory stocks to buy according to analysts.
As of April 20, 2026, Wall Street remains bullish on Micron Technology, Inc. (NASDAQ:MU), with 92% of analysts covering the stock assigning “Buy” ratings. The highest price target on the Street stands at $1,000, implying roughly 123.2% upside from the current share price of $448.
On April 8, 2026, UBS raised its price target on Micron Technology, Inc. (NASDAQ:MU) to $535 from $510 and held its “Buy” rating. Behind the move is a growing conviction that tighter memory pricing is working its way through to the bottom line.
Industry checks the firm conducted point to continued improvement in DRAM and NAND pricing, with high-bandwidth memory standing out as the area where margins are expected to move most. UBS also noted that Micron is in active talks with hyperscalers and original equipment manufacturers over long-term supply agreements, with volume commitments, prepayments, and defined pricing bands all on the table. Separately, checks suggest Micron Technology, Inc. (NASDAQ:MU), along with SK Hynix and Samsung, is working to rebuild an HBM pricing premium that holds through calendar year 2027.
Micron’s own update at GTC 2026 on March 16, 2026, added weight to that picture.
Micron Technology, Inc. (NASDAQ:MU) said it had started volume shipments of its 36GB 12-high HBM4 in the first quarter of calendar 2026 for NVIDIA Vera Rubin systems. The product runs at more than 11 Gb/s pin speeds and delivers over 2.8 TB/s of bandwidth, supporting a 2.3x bandwidth improvement and more than 20% better power efficiency than HBM3E.
Micron Technology, Inc. (NASDAQ:MU) also shipped samples of its 48GB 16-high HBM4 and pointed to SOCAMM2 and its Gen6 SSD lineup as part of a broader push to anchor its position in next-generation computing infrastructure.
Micron Technology, Inc. (NASDAQ:MU) provides innovative memory and storage solutions. It operates in four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit.
While we acknowledge the potential of MU to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MU and that has 100x upside potential, check out our report about the cheapest AI stock.
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