Micron Technology Target Raised to $430 on AI-Driven 171% DRAM Price Surge
Micron Technology’s price target rose from $385 to $430 as DRAM ASPs are forecast to climb 171% and NAND flash 127% in 2026 on surging AI data center demand. Fiscal Q1 results showed $13.6B revenue, 56.8% gross margin, $4.78 EPS and $3.9B free cash flow.
1. Price Target Raised on AI-Driven Memory Demand
Analysts raised Micron’s target price from $385 to $430 after projecting DRAM average selling prices will increase by about 171% and NAND flash by 127% in 2026. The forecast reflects robust AI data center demand outpacing new manufacturing capacity, tightening memory chip supply globally.
2. Strong Fiscal Q1 Results and Segment Performance
In fiscal Q1, Micron reported $13.6B in revenue, a 56.8% gross margin, $4.78 EPS and record $3.9B free cash flow. High-value segments included $5.3B in cloud memory sales at a 66% margin and $2.4B in data center revenue at 51%, with HBM allocated through 2026.