Micron’s stock is heading for its best winning streak since 2019. Here’s why.
1. Micron's stock rallies due to strong AI chip demand and positive earnings outlook. 2. Mizuho raised Micron's price target from $155 to $182 amid favorable HBM market dynamics. 3. Analysts anticipate Micron's HBM revenue to reach $20 billion by FY2027. 4. Supply-demand balance for DRAM and NAND is expected to drive gross margin expansion. 5. Concerns over HBM pricing competition in 2026 are deemed overblown by analysts.