Micron's HBM Sold Out for 2026, Locking in Revenue; Analysts Boost Targets
MU has more than doubled off its 52-week low of $73.5.
Summary
Micron Technology announced that its High Bandwidth Memory (HBM) supply is completely sold out for 2026, with pricing secured through long-term agreements. This significant development underscores robust demand for HBM, a critical component in AI and high-performance computing, and provides strong revenue visibility for the company's key growth segment. Management further projected the HBM market to more than double from approximately $35 billion to over $100 billion within three years, signaling a substantial long-term growth opportunity. Following this news, analysts at D.A. Davidson initiated coverage with a Buy rating and a $1,000 price target, while TD Cowen raised its target to $660, citing an improved gross-margin outlook. This news is a major positive catalyst, confirming Micron's strong position in the booming AI memory market and is likely to drive significant investor interest and potentially further upside in the stock. Traders will be watching for further details on HBM production capacity expansion and future demand trends.
At the time of this announcement, MU was trading at $515.64 on NASDAQ in the Technology sector, with a market capitalization of approximately $584.7B. The 52-week trading range was $73.50 to $531.36. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Wiseek News.