Mizuho raised its price target for Micron Technology to $480 on February 5, 2026. Phillip Securities set a bullish $500 price target on the same day, citing surging demand for High-Bandwidth Memory (HBM) in the AI infrastructure market. Analysts continue to highlight the company as a primary beneficiary of the ongoing AI expansion.
Micron recently committed $24 billion to build a NAND megafab in Singapore. This long-term investment aims to secure future supply chains for the memory manufacturer.
Executive Vice President Sumit Sadana sold a significant portion of shares on February 2. Market observers characterized the move as part of broader profit-taking within the technology sector following a period of strong performance.