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Micron's revenue to soar to $129B by FY26, price target raised to $2,050 on strong demand and buybacks

Analyst Insights
21 Sep 2026
Seeking Alpha
View Source
Bullish
Micron's revenue to soar to $129B by FY26, price target raised to $2,050 on strong demand and buybacks

Micron is expected to see its revenue jump from $37 billion to approximately $129 billion by fiscal year 2026, driven by strong forward demand and strategic agreements. The company benefits from industry-wide shortages and new capacity expansions, which support volume growth and margin resilience. This outlook has led to an increased price target of $2,050, up from $1,750, reflecting confidence in continued demand-supply imbalances. Additionally, Micron's strong cash flow allows for aggressive share buybacks, which bolster earnings per share growth and provide a safety margin even if growth slows.

Micron Technology, Inc. trades at USD 1,063.44 on Pluang as of Sep 21, 2026 20:42 WIB, showing a strong 1-day gain of 4.69%. The stock's market cap stands at $1.15 trillion, reflecting its significant position in the technology sector. This robust trading performance aligns with the article's optimism about Micron's revenue growth and strategic expansions.

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