The analysis notes that Micron, trading at $1,000.26 as of September 8, has seen its stock surge 662.12% over the past year, driven by strong high-bandwidth memory (HBM) demand and record 84.9% gross margins. The firm's fiscal Q3 2026 revenue reached $41.46 billion (up 345.7% YoY) with non-GAAP EPS of $25.11, beating consensus. Micron has secured approximately $100 billion in floor-price agreements, with bulls targeting $1,346.88 if HBM4E ramps early. The Street's consensus price target is $1,513.11.