Google Gemini AI Forecasts Micron Technology Stock to Reach $1,650 by 2026

Micron Technology's stock is poised for a dramatic surge, with Google Gemini AI predicting a price target of $1,650 by the end of 2026. This projection builds on the stock's explosive performance this year, suggesting the rally is merely the beginning.

The bullish outlook hinges on a severe DRAM supply-demand imbalance, the tightest in 15 years. Micron's quarterly earnings reflect this scarcity, posting staggering year-over-year growth. The company is shedding its reputation as a cyclical commodity player, emerging instead as a critical AI infrastructure provider.

Micron's HBM4 capacity is fully contracted through 2026 under multi-year agreements, insulating revenue from market volatility. Gross margins exceeding 80% support a fiscal 2026 EPS forecast of $57.71. Immediate catalysts include supplying Nvidia's next-generation Blackwell and Vera Rubin architectures.