According to CoinMeta, the stock of Micron has risen by an astonishing 981% since 2025, sparking widespread discussion in the market. Mizuho recently lowered its price target for Micron from $1375 to $1300, but still maintains a buy rating. Despite concerns about the future "de-standardization" of GPU and ASIC, overall demand for memory remains strong. 57 analysts have a median price target of $1600 for Micron, which means there is still about 75% room for price increase at current levels. The non-GAAP operating margin of Micron soared to 81.2% in the third quarter of fiscal year 2026, but only a 1 percentage point increase in gross margin is expected in the next quarter. Nevertheless, the valuation of Micron remains relatively cheap, and contract revenue is already locked in, so analysts generally believe now is still a good time to buy.