Why Micron Stock Popped Today

• Bernstein SocGen Group expert Mark Li raised his terms people connected Micron banal this morning.

• DRAM prices are rising, and whitethorn support connected rising passim 2026.

• 10 stocks we similar amended than Micron Technology ›

Micron (NASDAQ: MU) banal started disconnected the New Year right, soaring 7.5% done 10:25 a.m. ET Friday, and you tin convey Bernstein SocGen Group expert Mark Li for that.

In a enactment released this morning, Li raised his terms people connected the semiconductor machine representation banal to $330, with an "outperform" rating.

Li bases his higher terms people connected the information Micron delivered successful its fiscal Q1 2026 net study 2 weeks ago. In that report, Micron delivered an astounding 56% summation successful quarterly gross to $13.6 billion, and a 175% summation successful net per stock to $4.60.

CEO Sanjay Mehrotra boasted of "record gross and important borderline expansion," mounting "substantial records crossed revenue, gross margin, EPS, and escaped currency flow." Barely affirmative connected escaped currency travel successful Q1 2025, Micron's currency nett successful the archetypal 4th of the caller fiscal twelvemonth surged past $3 billion.

Li predicts Micron volition proceed to bash good arsenic DRAM prices support rising successful 2026, and "as AI makes information halfway request balloon but proviso enlargement takes time." The expert predicts that Q2 results volition amusement a 20% to 25% sequential summation successful DRAM prices, and believes prices volition proceed to emergence "throughout 2026."

Still, Li notes that Micron's ain Q2 guidance "suggests adjacent stronger terms summation successful the adjacent term." At past report, the institution was expecting to publication $18.7 cardinal successful gross successful fiscal Q2, positive oregon minus $400 million, with astir 67% gross margins and nett per stock of $8.19, positive oregon minus $0.20.

These are large numbers, though, and Li's main interest astatine this constituent is that Micron banal could beryllium punished if absorption gets excessively excited, overpromises... and underdelivers.

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