A Freedom Broker analyst reaffirmed a Buy rating on Micron Technology and set a price target of $1,600. The positive assessment followed Micron’s Q4 2026 results, which exceeded expectations for revenue, margins, and earnings per share. Rising memory product prices, fueled largely by the artificial intelligence boom, helped drive the results.
Analysts say surging demand for memory in AI data centers is creating favorable supply and demand conditions that could last through 2028. This AI-led memory supercycle has been a primary driver of Micron’s strong stock performance.
Micron also announced its routine quarterly dividend of $0.1500 per share.