Where Will Micron Technology Stock Be in 1 Year?

Published: Friday, November 7, 2025 at 6:44 pm

Micron Technology Poised for Continued Growth, Analysts Predict

Micron Technology, a prominent player in the semiconductor industry, has experienced significant stock performance in recent months. The company's shares have surged substantially year-to-date, prompting investor interest and scrutiny. Despite the recent gains, the stock currently trades at a relatively modest multiple of its projected earnings for the upcoming year.

A key driver of Micron's potential future success lies in the burgeoning demand for memory chips, particularly those used in data centers. The company's memory products are integral to various applications, including smartphones. However, the escalating need for increased memory and storage capacity to support the complex data sets used in artificial intelligence (AI) model training is a significant growth catalyst.

Micron's high-bandwidth memory and server product sales have witnessed remarkable growth, reaching $10 billion this year, a fivefold increase compared to the previous year. Company leadership expressed optimism during the fiscal fourth-quarter 2025 earnings call, highlighting the company's strong positioning.

While the memory chip market has historically been cyclical, the emergence of AI could potentially extend the current growth cycle. Major technology companies are investing heavily in data centers to support AI initiatives. The top cloud providers are projected to spend over $400 billion in 2025, which is expected to benefit Micron.

The company's financial performance reflects this positive trend. Sales surged by 49% year-over-year to $37 billion in fiscal 2025. Analysts anticipate further growth, projecting sales to reach $54 billion in fiscal 2026, representing a 46% increase. Furthermore, analysts forecast adjusted earnings per share of $16.71 in fiscal 2026 and $18.79 in fiscal 2027. Based on these projections and the current forward earnings multiple, the stock could potentially reach $263. The potential for further gains exists if Micron surpasses these earnings estimates, given the accelerating investment in AI.

BNN's Perspective:

Micron's strong performance and the projected growth fueled by the AI boom are certainly encouraging. While the cyclical nature of the memory chip market warrants caution, the current trends suggest a positive outlook for the company. Investors should carefully consider the risks and potential rewards before making any investment decisions.

Keywords: Micron Technology, MU, stock, semiconductor, memory chips, data centers, artificial intelligence, AI, earnings, sales, fiscal 2026, fiscal 2027, investment, cloud providers

Full Story