Reviewed by Gotrade Internal Analyst
Jakarta, Gotrade News - Micron just released a killer financial report for the first quarter of fiscal year 2026. This positive performance sent the stock price flying and got market analysts feeling super optimistic.
Key Takeaways
- Micron's revenue skyrocketed to $13.64 billion with solid operating cash flow.
- Bank of America upgraded the rating to "Buy" with a price target of $300.
- AI memory chip stock is confirmed sold out for the entire year of 2026.
The company recorded revenue of $13.64 billion, smashing the $8.71 billion figure from the same period last year. According to The Street, the market reacted positively, with Micron Technology, Inc. stock jumping 10.2% the day after the release.
Analyst Optimism on AI Demand
Bank of America wasted no time raising Micron's price target from $250 to $300 per share. Analyst Vivek Arya highlighted that the High Bandwidth Memory (HBM) stock is already completely sold out for 2026.
Morgan Stanley also hiked their target to $350, maintaining an "overweight" rating on the stock. The analyst consensus on MarketBeat shows a "buy" recommendation with an average price target sitting at $282.61.
AI Bubble Risks and Competition
However, there is a risk from Chinese memory maker ChangXin Memory Technologies, which plans an IPO in 2026. According to Tom’s Hardware, the company is racing to catch up on HBM3 chip tech to rival global players.
Alphabet Inc. CEO Sundar Pichai also warned that no company is immune if the AI bubble bursts. This is a crucial factor to consider, especially given Micron's massive investment in its new New York megafab.
Reference:
- The Street, Bank of America resets Micron stock price target, rating. Accessed on December 22, 2025
- Featured Image: Shutterstock
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