Bernstein raises Micron target to $330 and shares rise about 7.5% intraday

Bernstein's Mark Li raised his Micron price target to $330 with an Outperform rating, pointing to the fiscal Q1 results as the basis. He expected DRAM prices to keep rising through 2026 and a 20% to 25% sequential price increase in fiscal Q2. Micron shares rose about 7.5% in the morning session on the note.

• Price target raised to $330, rating Outperform (Mark Li, Bernstein SocGen)
• Shares rose about 7.5% by 10:25 a.m. ET on January 2, 2026
• Bernstein expected a 20% to 25% sequential DRAM price increase in fiscal Q2