$1,140 per share is Ross Gerber’s target for Micron, based on projected 2026 earnings of $57 a share and a 20-times earnings multiple.
Those forecasts also point to more than $100 in 2027 EPS, reinforcing his view that Micron’s earnings growth could drive the stock sharply higher over the next two years.
Micron’s rally has been fueled by AI-linked memory demand: fiscal second-quarter 2026 revenue jumped to $23.86 billion from $8.05 billion a year earlier, and the stock is up about 179% this year.
The surge has pushed Micron’s market value near $900 billion, while Gartner expects global memory revenue to rise from $216.3 billion in 2025 to $633.3 billion in 2026 amid so-called memflation.
As Micron spends billions to chase the AI boom, is it setting up the memory industry for its next catastrophic price collapse?
With its entire 2026 AI memory supply sold out, can Micron's innovation outpace rivals and new algorithms threatening its dominance?