Micron’s AI memory stock may jump 89% in 2027, analysts say
Micron Technology’s AI-related memory chips have surged 256.3% in fiscal 2026, with revenue hitting $133.19 billion and a non-GAAP gross margin of 87.0%. The stock rose 196.65% year-to-date after a 240% gain in 2025 but has since dropped 21.28% to $846, below its 52-week high of $1,254.61. Analysts project fiscal 2027 revenue of $275.5 billion and earnings per share (EPS) of $176.5017, up 134%…
Key points
- Micron’s fiscal 2026 revenue hit $133.19 billion, up 256.3%, with a 87% non-GAAP gross margin
- Analysts target Micron stock at $1,561.91, an 85% upside from current $846 price
- Over 75% of fiscal 2027 shipments are committed, with HBM4E co-designed with NVIDIA for 2027
Micron’s momentum stems from strong demand, with over 75% of fiscal 2027 shipments already committed. The company has co-designed high-bandwidth memory (HBM4E) with NVIDIA for 2027 production and raised HBM pricing. Analysts have raised estimates for 28 quarters in a row, and Micron has beaten EPS forecasts for nine consecutive quarters. However, the stock’s volatility—including a 46% drop in 2022—remains a risk. If AI-driven demand persists and Micron continues outperforming, a gain to $1,600 (89% upside) is possible, though analysts currently project 85%.
The story so far
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Nvidia Isn’t the Only AI Stock That Could Surprise Wall Street in 2027
247wallst.com · 6 November 2026
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2sources- Micron vs. Nvidia: Which AI Stock Is a Better Buy for 2027?Press · finance.yahoo.com ·
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