Micron Technology edges higher in pre-market as analysts boost targets on AI memory boom

Micron Technology shares are trading around $331.25 in pre-market after Piper Sandler significantly raised the price target to $400 (up from $275), driven by robust demand for high-value AI memory products.

• The analyst noted that Micron’s 2026 memory supply is sold out, which supports pricing power and multiyear agreements.
• The upgrade emphasizes strong demand for high-value AI memory products such as HBM4 and LPDDR, positioning the company as "extremely well positioned."
• DRAM revenues jumped 69% year over year in the fiscal first quarter of 2026, accounting for 79% of total revenue, driven primarily by AI workloads.