Micron Technology shares are surging (+7.85%) on January 02, 2026, driven by a significant price target upgrade from Bernstein SocGen Group to $330 from $270, with an 'Outperform' rating. This upgrade, issued today, highlights a 'structural reset' in the memory industry.
Further fueling investor confidence is Micron's confirmation that its entire High-Bandwidth Memory (HBM) production capacity for 2026 is already sold out under fixed-price agreements, ensuring strong revenue visibility amid the booming AI supercycle.