Micron (MU) Positioned for Growth as AI-Driven Memory Demand Triggers Major Analyst Upgrades

Micron Technology Inc. (NASDAQ:MU) is one of the best stocks for the next decade. As of December 26, Micron Technology Inc. (NASDAQ:MU) is currently on analysts’ watchlists.

Earlier on December 18, Lynx Equity raised the price target on Micron Technology to $325 from $180, as the firm maintains a constructive long-term outlook as the memory cycle transitions into its next phase, supported by sustained demand for AI-related hardware. The firm noted that the stock’s recent price surge is a direct result of extreme volatility in DRAM pricing over the last quarter. Supply shortages have become so critical that an estimated 30% of total market demand currently remains unfulfilled. These supply-demand imbalances are expected to stabilize by mid-2026 as new manufacturing capacity begins to contribute to the global supply.

The stock’s aggressive upward movement may lead to near-term volatility or technical pullbacks, but the firm advised investors to view these dips as buying opportunities rather than a reason to sell.

Additionally, Rosenblatt raised its price target on the stock on the same day to $500 from $300 with a Buy rating. The firm remains highly bullish on Micron Technology Inc. (NASDAQ:MU), identifying the company as a primary beneficiary of the surging demand for memory and storage in the AI era. The company’s performance is being driven by two primary factors: successfully negotiating price increases for DRAM and NAND Flash, and the company’s ability to maintain a steady decline in production costs. These tailwinds have allowed management to project a record-breaking 68% Non-GAAP gross margin for the February quarter.

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.

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