Micron Price Target Gets Massive Boost

Sarge-folio holding Micron Technology (MU) closed on Friday afternoon at $751 even. I see the stock trading with an $860 handle on Tuesday morning coming off of a three-day holiday weekend. That’s a rough 14% gain for a stock that was already up 140% since March 31 and up 1,114% from its 2025 low.

What happened over the weekend? I mean besides increased prospects for a peace deal that gets the gears of global commerce grinding again? Enter Timothy Arcuri. Arcuri is a sell-side analyst at UBS. He is rated at five stars out of five at TipRanks. If that’s not enough because let’s face it, there are a few hundred five-star analysts, check this out.

Arcuri is rated by TipRanks as the No. 2 analyst on Wall Street out of the 12,268 analysts rated by the service. Arcuri is not just good, he is just about the best in the business. Over the past two years, Arcuri’s success rate stands at 86% with an average return of 99.4%. His average return, kids, over two years is 99.4%. Over one year, his average return is still 56.6%. This guy is a hitter.

On Tuesday morning, Arcuri or UBS raised the price target for MU to $1,625 from $535 while reiterating a “Buy.” Arcuri believes that Micron can be expected to benefit from long-term memory supply agreements that are likely to lock in transparency on both pricing and demand across much of the memory / storage industry. This, in Arcuri’s view, supports the firm’s increased probability for significant growth in earnings as well as free cash flow through 2029 as AI-driven structural changes, according to Arcuri, should improve the durability and the stability of the memory / storage market.

Micron Goes to Manassas

On Friday, Micron announced the start of 1-alpha DRAM manufacturing at its Manassas, Virginia, foundry. This is an important step in the company’s efforts to significantly expand domestic memory production. The firm stated “As the only United States manufacturer of memory, Micron is uniquely positioned to strengthen America’s domestic memory supply. The 1alpha DRAM node, the most advanced memory technology ever produced in the United States, is well suited to long-lifecycle memory for critical applications, including DDR4 and LP4 products.

Micron’s Virginia manufacturing expansion serves the automotive, defense and aerospace, industrial, networking and medical device sectors that depend on this kind of memory.” Micron has made more than a $2 billion publicly subsidized (through incentives) investment in the expansion and modernization of the Manassas foundry. This facility supports more than 3,100 direct manufacturing and community jobs.

A Technical Look

Readers will recall that Micron Technology is a member of the Sarge-folio’s Memory & Storage Basket that also includes SanDisk (SNDK), Western Digital (WDC) and Seagate Technology (STX). The stock has now enjoyed a long upward sloping trend illustrated here by a Raff Regression model.

Within that uptrend, readers will spot a basing period of consolidation that stretched from the early days of 2026 into late April. That’s when the shares, already up a great deal over time, broke out and went semi-parabolic.

The stock had started to develop what I thought might end up being a “double top” pattern of bearish reversal. Tuesday morning’s action changed all that, as the shares absolutely smashed (my opinion) any potential the chart had for such a bearish development.

Relative strength is red hot and has just re-entered a technically overbought condition. That said, below the chart, the daily moving average convergence divergence has just renewed its bullish look as the histogram of the 9-day exponential moving average has moved back into positive territory and the 12-day EMA has just crossed back above the 26-day EMA.

This chart remains constructive.

My Strategy for Micron Technology

Price Target: $1,100
Pivot: $815 (old high)
Add: Down to 21-day EMA (currently $686)
Panic: Loss of 50-day SMA (currently $528)

At the time of publication, Guilfoyle was long MU, SNDK, WDC, STX equity.