Micron Technology stock defied a broader market decline on January 20, 2026, driven by analyst optimism regarding AI-fueled memory demand and worsening supply constraints.
- TD Cowen significantly raised its price target to $450 (from $300), citing worsening DRAM and NAND shortages that could support $50 EPS potential.
- Stifel also upgraded its target to $360, noting the impact of Micron's recent fab acquisition and ongoing supply constraints.
- The stock closed at $365.00 (+0.62%), defying a broad market downturn where the S&P 500 fell 1.98%.