From The Motley Fool · Adam Spatacco · · 1m
Micron Stock Targets $3,000 with $35.16B Buyback
Micron's $35.16 billion stock buyback program could push shares to $3,000 as AI demand boosts memory prices.
In brief
Micron's $35.16 billion stock buyback program could push shares to $3,000 as AI demand boosts memory prices. Micron's $35.16 billion stock buyback program, driven by AI infrastructure demand, could increase shares to $3,000. Originally reported by The Motley Fool.
Micron's Stock Buyback Program
Micron expanded its stock repurchase authorization to $35.16 billion from $2.16 billion.
AI Infrastructure Drives Memory Demand
AI infrastructure spending creates unprecedented demand for memory chips, boosting Micron's stock.
Micron's Record Profits
Micron generated $133.2 billion in revenue with 256% year-over-year growth during fiscal 2026.
Memory Prices Skyrocket
Micron's average selling prices increased 180% for DRAM and 200% for NAND during fiscal 2026.
Free Cash Flow Surges
Micron generated $44 billion in operating cash flow during fiscal 2026's fourth quarter.
Share Price Target
At 7 times forward earnings, Micron could reach $2,992 with additional buybacks pushing shares to $3,000.
The main idea
Micron's $35.16 billion stock buyback program, driven by AI infrastructure demand, could increase shares to $3,000.
