Prediction: Micron Technology Stock Is Going to $3,900 in 1 Year After Its Blowout Quarter
Micron's phenomenal results and guidance suggest that the memory supercycle could supercharge the stock in the coming year.
Overview
Shares of Micron Technology (NASDAQ: MU) have shot up by a staggering 259% in 2026, as of this writing, and it looks like its red-hot rally isn't going to end any time soon.
The latest catalyst for Micron stock came when it released its fiscal 2026 third-quarter results (for the three months ended May 28) on June 24. The company's revenue and earnings blew past Wall Street's expectations, and its guidance for the current quarter was also well ahead of what analysts were looking for.
Details
Let's take a closer look at Micron's performance and check why this high-flying artificial intelligence (AI) stock has the potential to jump by over 3x in a year.
Source
Originally published at www.fool.com.