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Micron Stock Soars 340% Amid AI Demand, Faces Supply Concerns

3/3/2026

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Summary

Story summary

Analysts raised price targets for Micron Technology, Inc. on strong AI-driven memory demand, with a consensus around $369.
The stock has surged about 340% in the last year but recently fell 7.1% amid U.S.–Israel tensions with Iran.
Micron introduced a new LPDRAM module for AI data centers, and Goldman Sachs raised its target to $360.
However, analysts warn that supply could catch up with demand, tempering growth prospects.

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Story summary

Analysts raised price targets for Micron Technology, Inc. on strong AI-driven memory demand, with a consensus around $369.
The stock has surged about 340% in the last year but recently fell 7.1% amid U.S.–Israel tensions with Iran.
Micron introduced a new LPDRAM module for AI data centers, and Goldman Sachs raised its target to $360.
However, analysts warn that supply could catch up with demand, tempering growth prospects.