Prediction: This Will Be Micron's Stock Price by Late 2027 (Hint: It Implies Big Gains)
Written by Trevor Jennewine for The Motley Fool -> Micron stock has advanced 240% this year as the memory chip maker has become a popular way to participate in the AI trade. Micron reported phenomenal financial results in the second quarter, with revenue up 196% and adjusted ea
Micron stock has advanced 240% this year as the memory chip maker has become a popular way to participate in the AI trade.
Micron reported phenomenal financial results in the second quarter, with revenue up 196% and adjusted earnings up 682%.
Memory chip suppliers have benefited from a severe supply shortage, but additional production capacity will ramp in 2028.
Micron Technology (NASDAQ: MU) has been one of the best performers in the S&P 500 (SNPINDEX: ^GSPC) year to date, with shares up 240%. The stock has become a popular way to participate in the artificial intelligence trade because the company is a key supplier of memory chips.
I think Micron will reach $1,500 per share after the company reports fourth-quarter financial results for fiscal 2027 (which ends in August). That implies 52% upside from the current share price of $990.
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Micron is a semiconductor company that produces memory chips and storage solutions based on NAND flash and DRAM technology. Both chip types play an important role in artificial intelligence (AI). NAND serves as long-term storage, and it loads data into DRAM, where logic chips process it.
Micron reported exceptional financial results in the second quarter of fiscal 2026, which ended in February. Revenue rose 196% to $23.8 billion and non-GAAP net income surged 682% to $12.20 per diluted share. And CEO Sanjay Mehrotra told analysts that "we anticipate exceptional records across revenue, gross margin, EPS, and free cash flow" in the third quarter.
