Micron Seen Reaching $2,239 in 1 Year as DRAM Prices Jump 125%

4 articles · Updated · The Motley Fool · May 11

$2,000 to $2,239 is the one-year target outlined for Micron, with the stock already up 162% in 2026 and still trading at 7.6 times forward earnings.
DRAM contract prices are projected to rise 58% to 63% this quarter, while Gartner forecasts a 125% full-year increase, extending a pricing tailwind for memory makers.
HBM demand from custom AI processors could surge 35-fold from 2024 to 2028, and each gigabyte uses three times the wafer capacity of traditional DRAM, keeping supply tight.
Samsung and SK Hynix expect shortages to last at least through 2027, while Micron's new Singapore facility will not begin volume production until the second half of 2028.
Micron's adjusted earnings rose 7.8 times year over year in fiscal Q2; analysts see EPS climbing from $58.11 this year to $101.78 in fiscal 2027, supporting the valuation case.

With demand soaring, what innovations beyond HBM will power the next AI generation and prevent a permanent supply crisis?

As AI devours the global memory supply, are affordable consumer electronics now a casualty of the technological boom?

Will the AI memory 'supercycle' finally break the industry's historic boom-and-bust pattern, or is a massive correction inevitable?