Micron Bulls Target $500 as Analysts Anticipate Strong Q2

Analysts boosted Micron’s price targets to $500 ahead of fiscal Q2 2026 results on the back of tight DRAM/NAND supply and strong AI/data-center demand. TD Cowen’s Krish Sankar and Robert W. Baird’s Tristan Gerra each raised targets to $500 with Buy ratings, forecasting a Q2 EPS beat ($10.40 vs. $8.82 consensus) and margin upside from long-term agreements; the article notes MU’s 49% year-to-date run and the potential for further re-rating through LTAs and resilient chip demand.