“Analysts expect it to end fiscal 2026... The fiscal 2027 earnings estimate of $98.26 suggests that Micron's stock price could jump to $2,024, a potential increase of 5.6x from current levels.”

“So, Micron could easily prove analysts wrong and clock massive gains in the coming year, which makes it a no-brainer buy right now.”

“On March 26, analyst Joseph Moore from Morgan Stanley issued a research note telling investors that the memory market remains more durable than the market thinks. He assigned a Buy rating on Micron Technology, Inc. (NASDAQ:MU) and raised the price target from $450 to $520 on March 19.”

“Hence, if Micron's upcoming earnings continue to validate supply constraints and rising AI-driven memory demand, the recent pullback could prove a turning point or a smart entry point for long-term investors.”

“Micron is both the cheapest stock on this list and the best performer over the past year. The stock is up about 300% over the past year, yet trades for 6.8 times forward earnings.”

“Micron's P/E ratio of just 20 means investors are getting a very good deal on the top AI stock that will likely be an integral part of AI infrastructure for years to come.”

“Micron's P/E ratio of just 20 means investors are getting a very good deal on the top AI stock that will likely be an integral part of AI infrastructure for years to come.”

“I'm going to say two things that normally aren't associated with each other: Micron is both the cheapest stock on this list and the best performer over the past year. The stock is up about 300% over the past year, yet trades for 6.8 times forward earnings.”

“As AI evolves, we expect compute architectures to become more memory-intensive... this is why we strongly believe that Micron is one of the biggest beneficiaries and enablers of AI.”

“CEO Sanjay Mehrotra remarked on the latest earnings call that he expects 'supply and demand for both DRAM and NAND to remain tight beyond calendar 2026.' The supply constraints caused by overwhelming demand from artificial intelligence (AI) data center chips, which need high-bandwidth memory (HBM) to quickly move huge data sets, will continue to push up memory prices.”

“Micron Technology's memory processors are in high demand, and revenue nearly tripled in the second quarter to nearly $23.9 billion as tech companies rushed to buy more memory for their data centers.”

“Moore argues that memory chips are the bottleneck of AI systems and advanced CPUs. As the shortage continues, customers are willing to prepay for larger volumes of chips.”