Micron MUUS is up over 4 percent in pre market hitting 27729 a fresh all time high
Here’s what’s fueling the rally
Huatai Securities keeps a Buy rating and raised the target to 360
FY26 Q1 revenue and profits beat expectations thanks to AI driven demand for HBM and DRAM pushing margins higher
Capex bumped to 20B HBM4 yield ramping faster and SOCAMM2 advantage is clear
NAND is benefiting from AI server SSD expansion
Analysts also upgraded earnings forecasts and shifted to a 15x FY26E PE setting the new price target at 360
The takeaway Strong AI and data center memory demand continues to support MU’s long term growth and the market is clearly noticing
Hook Discussion Point
With MU running to new highs how are you thinking about positioning Are you holding long trimming on spikes or playing options Curious to hear different strategies given the volatility