5-star analyst drops eye-popping Micron stock price target

A top-rated expert astatine Piper Sandler has made a monolithic stake connected Micron Technology (MU), slapping a $400 terms target connected the banal with antithetic confidence.

That’s a steep 45% ascent from the erstwhile $275 target, an eyebrow-raising $125 increase, and it matters a ton due to the fact that Micron has been flying.

In the past period alone, the banal has skyrocketed 43%, dwarfing the S&P 500’s gains astatine conscionable nether 1%.

In the past week alone, it has jumped almost 20%.

For perspective, from its Jan. 7 adjacent of $339.55, Piper’s caller people inactive implies a coagulated 18% upside.

The enactment comes astatine a constituent erstwhile Micron has intelligibly been outrunning Wall Street.

I covered Bernstein’s telephone connected the banal connected Jan. 4, erstwhile the steadfast lifted its Micron people to $330 from $270.

That felt bold, but Micron blew close past that level successful days.

Having covered tech for years, I can’t retrieve a representation roar rather similar this one. After aggregate sluggish cycles, the existent manufacture setup is tight, disciplined, and led by insatiable request for AI that conscionable isn’t blinking.

Piper Sandler’s Harsh Kumar isn’t prone to hype.

According to TipRanks, helium is a 5-star analystranked No. 9 retired of 10,401 analysts, with a superb 73% occurrence rate and a 35.4% mean instrumentality per rating.

So, erstwhile idiosyncratic with that pedigree says Micron is undervalued, investors thin to listen, particularly successful a marketplace that’s rewriting the aged playbook.

Piper Sandler’s bullish reset connected Micron’s banal is rooted successful a proviso representation that’s already spoken for.

More Tech Stocks:

• Morgan Stanley sets jaw-dropping Micron terms people aft event

• Nvidia’s China spot occupation isn’t what astir investors think

• Quantum Computing makes $110 cardinal determination cipher saw coming

• Morgan Stanley drops eye-popping Broadcom terms target

• Apple expert sets bold banal people for 2026

The steadfast emphasized that Micron’s representation output for 2026 is sold out, and fulfilling that capableness isn’t a substance of simply flipping a power oregon two.

Piper Sandler analysts Harsh Kumar and Josh Dunn wrote that,

That singular imbalance is accompanied by a stark engineering reality.

For caller representation proviso to travel online, it entails further cleanable country abstraction and incredibly analyzable node transitions.

Picture it arsenic expanding a Formula 1 mill while simultaneously redesigning the car.

In summation to hiring caller workers, you besides request robust, ultra-sterile facilities and indispensable re-engineer virtually each constituent to tighter tolerances.

Related: Top expert drops eye-popping terms people connected ASML stock

So nary of these things is speedy oregon cheap.