### Micron Technology's Stock Surge: Analyst Upgrades and AI Demand Drive Price Targets Higher Micron Technology, Inc. (NASDAQ:MU) has recently experienced a significant uptick in its stock price, attributed to multiple analyst upgrades and a growing demand for memory products driven by artificial intelligence (AI). On January 11, 2026, Micron's shares rose by **5.5%**, following an upgrade from Mizuho, which increased its price target from **$290.00 to $390.00**. This upgrade reflects a broader trend among analysts who are bullish on Micron due to anticipated tight memory supply through 2026, particularly in the context of AI applications [https://www.americanbankingnews.com/2026/01/11/micron-technology-nasdaqmu-trading-5-5-higher-following-analyst-upgrade.html]. ### Breakdown of Analyst Upgrades and Price Targets 1. **Mizuho's Upgrade**: - Increased price target from **$290.00 to $390.00**. - Maintains an "outperform" rating, indicating strong confidence in Micron's future performance [https://www.insidermonkey.com/blog/mizuho-issues-positive-forecast-for-micron-technology-nasdaqmu-stock-price-1672531]. 2. **UBS's Upgrade**: - Raised price target to **$400.00** from **$300.00**. - Cited AI-driven demand as a key factor for the re-rating [https://www.insidermonkey.com/blog/ubs-raises-micron-mu-price-target-to-400-citing-ai-driven-re-rating-1672531]. 3. **Piper Sandler's Upgrade**: - Increased target to **$400.00** from **$275.00**. - Maintains an "overweight" rating, reflecting optimism about Micron's growth prospects [https://www.defenseworld.net/2026/01/08/micron-technology-nasdaqmu-price-target-raised-to-400-00-at-piper-sandler.html]. 4. **Bernstein's Upgrade**: - Price target raised to **$330.00** from **$270.00**. - Highlights the ongoing memory shortage as a driving force behind pricing power [https://www.defenseworld.net/2026/01/03/micron-technology-nasdaqmu-stock-price-up-10-5-on-analyst-upgrade.html]. ### Supporting Evidence and Market Data - **Stock Performance**: Following the upgrades, Micron's stock traded as high as **$345.80**, closing at **$345.09** on January 11, 2026, with over **33 million shares** exchanged [https://www.americanbankingnews.com/2026/01/11/micron-technology-nasdaqmu-trading-5-5-higher-following-analyst-upgrade.html]. - **Market Sentiment**: Analysts are increasingly viewing Micron as a key player in the semiconductor market, particularly due to the rising demand for DRAM and NAND memory products essential for AI technologies [https://coincentral.com/micron-mu-stock-ubs-raises-price-target-to-400-on-ai-memory-demand]. ### Conclusion: A Positive Outlook for Micron Technology In summary, Micron Technology is experiencing a robust surge in stock price driven by multiple analyst upgrades and a favorable market outlook due to AI demand. The following points encapsulate the current situation: 1. **Analyst Upgrades**: Multiple firms have raised their price targets significantly, reflecting confidence in Micron's growth potential. 2. **Market Demand**: The increasing need for memory products, particularly in AI applications, is expected to sustain high demand and pricing power. 3. **Stock Performance**: The stock has shown strong performance, with significant trading volume and price increases following the upgrades. Overall, **Micron Technology is positioned for continued growth**, supported by favorable market conditions and analyst optimism [https://www.americanbankingnews.com/2026/01/11/micron-technology-nasdaqmu-trading-5-5-higher-following-analyst-upgrade.html].