Micron Technology, Inc. (NASDAQ:MU) is one of the 10 Best Performing AI Stocks to Buy. On April 9, Lynx Equity raised its price target on Micron Technology, Inc. (NASDAQ:MU) from $700 to $825. The research firm pointed to extended capacity sell-outs and better visibility into future revenue.
According to Lynx Equity, recent checks show that Micron Technology, Inc. (NASDAQ:MU) has sold out its high-bandwidth memory (HBM) capacity through 2027. This extends beyond the company’s earlier guidance of capacity being sold out only through 2026. Lynx Equity also noted that the company’s DDR5 and LPDDR5 capacity could be sold out through 2027 as well.
The research firm pointed out that Micron Technology, Inc. (NASDAQ:MU) is likely negotiating supply and pricing agreements for 2028, after allocating its 2027 supply to key customers. Lynx Equity expects the company’s revenue to grow by 40% in fiscal 2028, much higher than current market expectations that suggest flat or declining growth.
Lynx Equity added that 2028 could be the year when new DRAM wafer capacity comes online. The research firm recommended aggressive buying ahead of the start of the earnings season.
Micron Technology, Inc. (NASDAQ:MU) is a leading semiconductor technology company that is known for its innovative memory and storage solutions. The company offers a portfolio of high-performance DRAM, NAND, and NOR memory and storage products.
While we acknowledge the potential of MU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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