Micron Technology Inc. (NASDAQ: in) The stock rose to a new all-time high after its endorsement by US President Donald Trump.
MU stock has risen nearly 24% over the past five days, trading at about $888.59, according to market data from Finbold. Micro stock gained more upward momentum after President Trump recently said the company is great.
“Micron is a great company. They’re investing hundreds of millions. In fact, it’ll probably be very close to over $100 billion by the time they’re done in Clay, New York,” Trump said. He said On May 22nd.
With MU’s stock price already flat, the company’s market cap has risen to nearly $847 billion at press time. Furthermore, the company’s stock has added more than $174 per share over the past five days.
As such, UBS analyst Timothy Arcuri issued a research note on Tuesday, sharply raising his price target for MU from $535 to $1,625 while maintaining a buy rating. The bank also raised Micron’s earnings estimates for calendar years 2027, 2028 and 2029 to $155, $167 and $117 per share, up from $133, $122 and $77, respectively.
Meanwhile, Mizuho Financial Group maintained an Outperform rating and $800 price target on Micron.
What’s next for Micron stock?
The near-term outlook for Micron stock may be affected by its quarterly performance. Furthermore, the company posted strong earnings in the second quarter, beating analysts’ expectations and bolstering confidence in its long-term growth trajectory.
It is worth noting that Micron to publish Revenues for the second quarter of fiscal 2026 were $23.86 billion, nearly tripling year over year. With the company supports From local, state, and federal governments to ensuring U.S. leadership in memory development and manufacturing, the prospects for additional MU growth remain strong.
Amidst growing speculation regarding MU Feinbold Artificial Intelligence Agent – Advanced Financial Assistance Tool – issued a precautionary warning for the next 60 days. the Feinbold Artificial Intelligence Agent Expect MU stock to fall 17.27% by July 25, 2026 to return to $735.39.
