Micron Tripled in 2026. Can It Repeat in 2027?
Key PointsThe memory shortage isn't going to ease up anytime soon.
In 2026, Micron Technology (MU) has seen its stock more than triple, placing it as the fourth-best-performing stock in the S&P 500 this year. However, investors should focus on the future rather than past performance. Analysts are bullish on Micron's prospects for 2027, with Wall Street estimating earnings per share to reach $176.55.
The company has built new foundry lines to increase production capacity, which will help it manufacture more memory chips at higher price points, leading to even more profit growth. This strong performance is reflected in the stock's current low valuation of just 12 times earnings, as investors believe the boom will not last. If Micron meets analysts' expectations for its fiscal 2027, the stock could quadruple in value, given its current trading range of 12 to 20 times earnings.
With the long-term outlook for AI spending remaining uncertain, Micron's stock appears to offer significant upside potential for savvy investors.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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