HSBC has sharply raised its Micron (NASDAQ: MU) stock price target from $1,100 to $1,700, marking yet another upward revision for the semiconductor company.
For context, the bank’s first Micron target this year was $350, showing how quickly sentiment around memory has shifted as demand for artificial intelligence (AI) continues to accelerate.
Of course, Micron’s financial results have also helped build investor confidence, with fiscal third-quarter revenue of $41.46 billion and adjusted earnings per share (EPS) at $25.11.
At the center of this strength has been high-bandwidth memory and DRAM employed by data centers, which have effectively turned memory into one of the key constraints in the AI supply chain.
Micron price target raised to $2,000 at Barclays
Barclays has also increased the firm’s price target on Micron from $1,175 to $2,000, and it keeps an ‘Buy’ rating on the shares following the earnings report.
The new price comes as Barclays cautions that equity markets may be heading into a volatile summer, as rising real yields and a strengthening U.S. dollar drive a rotation away from this year’s momentum leaders.
According to Barclays, real rates have broken out of their year-to-date trading range while the dollar has surged higher. The shift has weighed heavily on 2026’s strongest-performing trades, including AI.
Still, Barclays struck a more constructive tone on semiconductors, saying that strong results from Micron reinforce the view that AI-related demand remains strong.
Wall Street Micron consensus
As of press time, Wall Street’s average price target for Micron stock is $1,526, implying nearly 26% upside from the current price, as per TipRanks estimates.
With 28 ‘Buy’ and just one ‘Hold’ rating in the past 90 days, Micron is on average rated a ‘Strong Buy.’
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