Micron Shares Soar 5.9% Following Price Target Hikes, Taiwan Fab Plans
Micron shares jumped 5.9% to $451.18 after RBC raised its price target to $525 from $425 and TD Cowen to $500 from $450. The company closed its $1.8 billion P5 site acquisition in Taiwan, plans a second AI-focused DRAM fab, and readies for March 18 earnings.
1. Price Target Hikes Drive Share Rally
Micron shares rose 5.9% to $451.18 after RBC raised its price target to $525 and TD Cowen to $500, pushing it within a chip shot of its $455.50 record high. The stock has gained 350% over 12 months and 59% so far in 2026.
2. Taiwan Expansion Accelerates Capacity
The company closed its $1.8 billion acquisition of PSMC’s P5 site in Taiwan and announced plans for a second AI-focused DRAM manufacturing facility, signaling aggressive investment to meet soaring high-bandwidth memory demand.
3. Earnings and Options Volatility Outlook
Micron will report earnings after the March 18 close, with shares moving lower after five of the last eight reports but surging 10.2% post-December results. The options market prices a 12.9% move, while its put/call ratio and a volatility score of 91 suggest elevated trader expectations and potential tailwinds.