How Far Can Micron Technology (MU) Go? Susquehanna Sees Over 80% Upside

Micron Technology, Inc. (NASDAQ:MU) is one of the tech stocks held by Goldman Sachs, with a total holding value of almost $4.24 billion, making it to our list of the top Goldman Sachs tech stocks to buy now.

Micron Technology is one of the tech stocks that has gone up way too fast. In the last month, MU shares have skyrocketed nearly 91% as of June 1. The question is, how far can Micron go?

How Far Can Micron Technology (MU) Go Up? Susquehanna Sees Over 80% Upside

Photo from Micron Technology website

Analysts seem to be optimistic about Micron’s targets. Capitalizing on the supply-demand imbalance, Micron has ascended to over $1 trillion in market cap. On May 29, TheFly reported that Susquehanna lifted the price target on Micron Technology, Inc. (NASDAQ:MU) from $600 to $1,750, a remarkable raise centered around Micron’s competitive DRAM selling prices. Susquehanna’s Mehdi Hosseini keeps a Positive rating on MU and sees second-quarter DRAM average selling prices ahead of expectations, going as high as 50-60% quarter-over-quarter. Micron Technology’s CEO, Sanjay Mehrotra, has pointed out that they are fulfilling approximately 50 to 60% of key customers’ medium-term bandwidth memory demand, while the company’s entire 2026 HBM capacity has already reached its peak level.

Hosseini also mentioned that NAND ASPs (average selling prices) continue to increase by 75-100% quarter-over-quarter. The analyst remains bullish amid the increasing estimates for memory manufacturers. Moreover, strength in ASPs and increasing confidence in the sustainability of the margin profile remain catalysts for Micron, the analyst added.

Micron Technology Inc. (NASDAQ:MU) provides memory and storage solutions sold into client, cloud server, enterprise, graphics, networking, smartphone, mobile-device, automotive, industrial, and consumer markets, among others.

While we acknowledge the risk and potential of MU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MU and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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