Micron Technology stock hits 52-week high at $129.88

Micron Technology Inc. (MU) stock reached a 52-week high, hitting $129.88, with the semiconductor giant now commanding a market capitalization of $145 billion. According to InvestingPro, the company maintains a "GREAT" financial health score, supported by strong fundamentals. This milestone highlights a significant upward trajectory for the company, which has seen its stock value increase by 50.02% over the past year. The company’s impressive 58% revenue growth and analysts’ price targets reaching as high as $200 suggest potential for further gains. InvestingPro analysis indicates the stock may still be undervalued, with 12 more exclusive insights available to subscribers. The rise in Micron’s stock price reflects robust investor confidence and positive market sentiment surrounding the company’s performance and future prospects. As the semiconductor industry continues to grow, Micron’s advancements and strategic initiatives appear to be resonating well with investors, contributing to this notable achievement in the stock market. For comprehensive analysis and detailed insights, access Micron’s full Pro Research Report, available exclusively on InvestingPro, along with reports for 1,400+ other top stocks.

In other recent news, Sandisk and other computer hardware and storage companies experienced a surge in their stock prices following the implementation of new export rules. Analysts believe these regulations may positively impact flash pricing, with Sandisk seeing a notable 13% gain. In related developments, Western Digital, Seagate Technology, Micron, and Lam Research also recorded gains as the market evaluates the effects of these changes on memory chip production in China.

Meanwhile, Micron Technology has been the focus of several analyst updates. Goldman Sachs reiterated its Neutral rating on Micron, maintaining a price target of $130, while noting investor interest in the company’s high-bandwidth memory (HBM) production. CLSA initiated coverage on Micron with an Outperform rating and a $155 price target, highlighting the company’s potential to benefit from AI-driven demand for HBM. Cantor Fitzgerald also maintained an Overweight rating with a $155 price target, despite acknowledging potential market share impacts from Samsung’s advancements in the HBM segment.

Additionally, Wolfe Research reiterated an Outperform rating on Micron, setting a price target of $160. The firm emphasized key factors that could influence Micron’s performance, including their earnings per share estimate for 2026. These recent developments reflect a continued focus on Micron’s strategic positioning in the evolving memory chip market.

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