Will Micron Be a Trillion Dollar Stock By 2030? The Answer is Yes.

"Micron Technology ( NASDAQ:MU | MU Price Prediction) trades at $766.58 with a market cap of $896.92 billion, putting the only U.S.-based memory manufacturer within striking distance of the $1 trillion club. Our 24/7 Wall St. price target for Micron is $433.93 over the next 12 months, implying 43.39% downside after a parabolic run. Confidence is high at 90%. Yet on a five-year horizon, our bull case crosses $1,000 by February 2030. The answer to the headline is yes. The path is bumpy."

"Before going further, our 12-month 24/7 Wall St. price target sits well below where Micron trades today, and that gap deserves respect. Order books are stretching into 2027, HBM4 supply for calendar 2026 is already sold out on price and volume, and management argues memory supply will stay short of demand for the foreseeable future. Treat our target as one datapoint. The detailed bull case below explains why Micron could keep defying gravity."

"Micron is up 732.64% over the past year, 168.71% year to date, and 82.26% in the past month alone. Shares sit 30% below the 52-week high of $818.67 against a 52-week low of $90.71. Fiscal Q1 2026 revenue hit $13.643 billion, up 56.6% year over year, with non-GAAP EPS of $4.78 beating the $3.94 consensus. Q2 guidance calls for $18.70 billion in revenue at a 68% non-GAAP gross margin."

"CEO Sanjay Mehrotra projects the HBM TAM growing at roughly 40% CAGR to $100 billion by 2028, a milestone now pulled in two years. Micron can only meet 50% to two-thirds of demand from key customers, and management says the DRAM supply-demand gap is the widest it has ever seen. Cloud Memory delivered 66% gross margin and 55% operating margin last quarter. With 39 Buy ratings against zero Sells and an analyst target of $573.9, sentiment is decisively bullish. Our 5-year bull case reaches $1,054.41, which on roughly 1.13 billion shares clears the $1 trillion threshold."

Micron Technology trades near $766.58 with a market cap around $896.92 billion, positioning it close to a $1 trillion valuation. A 12-month price target of $433.93 implies about 43% downside, even with high confidence. Over the past year, the stock has surged more than 700%, with strong recent financial results including fiscal Q1 2026 revenue growth and non-GAAP EPS above consensus. Guidance calls for higher Q2 revenue and a 68% non-GAAP gross margin. The bull case centers on rapid growth in HBM demand, a persistent DRAM supply-demand shortage, and strong profitability from Cloud Memory, supporting a five-year target above $1,000 by February 2030.

Read at 24/7 Wall St.