Micron (MU) Stock Surges as Barclays Raises Price Target by 64%

Micron Technology's stock soared to a 52-week high of $365.81 on January 16, 2026, marking a 231% annual gain. Barclays lifted its price target to $450, while Wells Fargo increased its target to $410, following Micron's Stellar Q1 results. Revenue surged 57% year-over-year to $13.64 billion, with non-GAAP earnings per share beating consensus by 27% at $4.78.

The company's high-bandwidth memory production is fully booked through 2026, secured by multi-year pricing agreements. Micron is expanding its capacity with a $1.8 billion Taiwan fabrication plant acquisition and a $100 billion semiconductor facility in upstate New York. Insider confidence was evident as Director Liu Teyin M purchased 23,200 shares at approximately $337.

Micron's Q2 guidance exceeded expectations, projecting revenue around $18.7 billion and gross margins expanding to 68%. The stock jumped 7% to $362.75 post-announcement, reflecting strong institutional optimism.