Micron Stock’s Stunning Run Isn’t Over Yet — Could $500 Be Next?

Core Viewpoint - Micron Technology (MU) has experienced significant stock growth, with a 25% increase year-to-date and over 247% in the past 12 months, indicating potential for further upside [1][2]. Group 1: Demand and Supply Dynamics - The primary driver of Micron's stock surge is the increasing demand for memory and storage products, particularly from data center operators investing in AI infrastructure [2]. - The memory market is currently supply-constrained, which, combined with strengthening demand, supports higher pricing and improved margins for Micron [3][4]. Group 2: Financial Outlook - Analysts project that Micron's shares could reach $500 within the next 12 months, suggesting an upside of more than 48% from the current price of $336.63 [5]. - Micron is entering a strong growth phase, with management forecasting record performance for fiscal 2026 and 2027, driven by robust demand and tight supply conditions [6]. Group 3: Industry Fundamentals - Industry fundamentals favor Micron, with strong demand across key markets and capacity constraints keeping supply limited [7]. - The company is engaging in discussions for multiyear agreements with customers, which could enhance earnings visibility and stability [7].