Micron (MU)

One of the top players among semiconductor memory stocks, Micron specializes in multiple industry subsegments. In addition to the core computer memory segment, it also offers data storage solutions, such as dynamic random-access memory (DRAM), flash memory and USB flash drives. Its importance to the broader ecosystem shows through its equity performance. In the past 52 weeks, MU shot up almost 36%.

However, analysts – who rate shares a consensus strong buy – believe more upside is available. Overall, the average price target lands at $96.57, which includes the less-than-encouraging hold ratings along with a lone “sell” by Morgan Stanley. Notably, the high-side target stands at $115, which implies growth of over 34%. That view – from KeyBanc’s John Vinh – arrived on Jan. 31 and probably reflects the reality of the situation.

As the company’s website states, “Micron’s industry-leading memory and storage solutions enable the latest generation of faster, more intelligent global infrastructures that make AI, machine learning, and generative AI possible.” And it’s not a self-serving statement. AI simply can’t function without memory chips. $Micron Technology(MU.US)$