Is Micron Technology (MU) an Unstoppable Technology Stock?

Micron Technology, Inc. (NASDAQ:MU) is one of the Unstoppable Technology Stocks to Buy. Micron Technology, Inc. (NASDAQ:MU) has exceeded its 52-week high of $291.80, and Wall Street still sees around 5% upside from the current level.

Recently, on December 22, Timothy Arcuri from UBS reiterated a Buy rating on the stock without disclosing any price targets. Earlier on December 18, Piper Sandler raised the firm’s price target on the stock from $200 to $275, and maintained a Buy rating.

The positive sentiment is based on Micron Technology, Inc.’s (NASDAQ:MU) fiscal Q1 2026 earnings which were released on December 17. The company grew its revenue by 56.7% year-over-year to $13.64 billion, exceeding estimates by $760.74 million. The EPS of $4.78 also topped estimates by $0.82. Management attributed growth to a strong performance across the board.

Analysts at Piper Sandler noted that while the company’s latest earnings were encouraging, they raised the price target based on the exceptional guidance. The firm highlighted that the guidance exceeds Wall Street’s revenue estimates by 30% and EPS estimates by roughly 75%. The firm noted that the company has benefited significantly from its pricing power and the supply shortage, while the demand continues to rise.

Micron Technology Inc. (NASDAQ:MU) designs, develops, manufactures, and sells memory and storage products in the US, Taiwan, Singapore, Japan, Malaysia, China, India, and internationally.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.