Micron Stock Surges Past $250 as Analysts Predict New Memory Supercycle
Micron stock has been on a dynamic upward trajectory since the start of this week, surging past the $250 mark and showing no signs of slowing down. Investors have returned to the stock market today, snapping up shares at the old record high and ending a brief sell-off period.
The rally began with a bullish breakout on Wednesday, pushing the stock above the $180 mark. This surge culminated in a new all-time high of $182.39, a nearly 9% increase. However, the stock initially pulled back after strong results and a positive outlook, retracing to the old record high of $157.54.
Analysts at Rosenblatt Securities have raised their price target for Micron Technology from $200 to $250, maintaining a 'buy' rating. They cite better-than-expected Q4 results, a strong November forecast, increased sales of higher-margin products, price hikes, and cost reductions. The analysts expect these trends to continue into fiscal 2026, potentially sparking a new memory supercycle with significant upside for investors.
With the 161.8 Fibonacci extension above $200 at $216.74 and analysts predicting a fair value of $250, the next significant price target for Micron stock is $300. As the stock continues to rise, investors are eagerly watching to see if it can reach and surpass this new milestone.
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