Micron Technology (MU) closed at $420.97 (down -1.68%) on February 23, 2026, as analysts maintain a bullish $500 price target driven by surging AI data center demand. Despite the daily decline, the stock remains supported by record fiscal revenue and a projected 330% year-over-year EPS growth.
- Growth Fundamentals: Sustained momentum is fueled by tight DRAM/NAND supply and a favorable forward P/E of 12.5x, reflecting strong resilience within the AI sector.
- Market Context: The stock continues to track broader tech strength and NVDA anticipation, even as the S&P 500 remained flat amid global tariff concerns.
- Price Update: Shares were trading slightly lower in after-hours at $420.12 (-0.20%) following the market close.