Micron Technology, Inc. (NASDAQ:MU) is among our picks on the list titled billionaire portfolio: 7 cheap stocks top billionaires are accumulating.

Micron Technology, Inc. (NASDAQ:MU) is receiving strong confidence from Wall Street as of March 27, 2026, with a majority of covering analysts remaining bullish on the stock. Based on the $555 consensus price target, the stock carries a 54.73% upside potential amid robust AI-driven demand.

Micron Technology, Inc. (NASDAQ:MU) was revisited by analysts at Needham on March 19, 2026. The company’s fiscal Q2 2026 results beat analyst expectations, with better-than-expected pricing and continued data center demand driving the company’s top-line growth. The company’s revenue surged from $13.64 billion in the previous quarter to $23.86 billion. Meanwhile, in fiscal Q2 2025, revenue came in at $8.05 billion.

Needham’s analysts also took confidence from the company’s guidance, which surpassed analyst forecasts. Amid ongoing supply constraints, the company’s robust demand across its product portfolio supports that guidance.

Micron Technology, Inc. (NASDAQ:MU)’s non-GAAP net income for the quarter was $14.02 billion, or $12.20 per share, which represented a significant increase from $5.48 billion ($4.78 per share) in the previous quarter.

​Micron Technology, Inc. (NASDAQ:MU) designs and manufactures memory and storage solutions used across data centers, AI systems, and consumer devices.

While we acknowledge the potential of MU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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