Micron Technology’s (NASDAQ: MU) bullish momentum on Wall Street is accelerating after several analysts sharply raised their price targets on the memory chipmaker, with new forecasts suggesting the stock could climb above $1,500.
Among the analysts, Susquehanna’s Mehdi Hosseini lifted the firm’s Micron stock price target to $1,750 from $600 on May 29 while maintaining a positive rating on the company.
The firm cited tightening memory supply conditions, stronger pricing power, and improving confidence in the sustainability of Micron’s margins through 2027.
The brokerage expects constrained wafer capacity additions and continued strength in average selling prices to support elevated profitability across the memory sector.
The analyst also pointed to growing demand for high-bandwidth memory products used in AI servers and data centers as a major driver behind the bullish outlook.
DA Davidson outlook
At the same time, DA Davidson analyst Gil Luria a day earlier raised its MU stock forecast to $1,500 from $1,000 while reiterating a ‘Buy’ rating. The firm argued that Micron’s valuation still trails other semiconductor companies despite the stock’s massive rally in 2026.
According to Luria, the memory industry is undergoing structural changes as AI infrastructure increases the importance of high-bandwidth memory within modern data center architecture.
The firm noted that longer-term supply agreements and tighter hardware integration are helping transform memory products from cyclical commodities into more differentiated and strategically important components.
UBS also turned more bullish on Micron stock, increasing its price target to $1,625 from $535. Analyst Timothy Arcuri cited rapidly rising DRAM prices, tightening supply conditions, and improving earnings visibility as key catalysts supporting the higher valuation.
The firm said Micron is emerging as one of the biggest beneficiaries of the AI-driven memory boom, particularly as hyperscalers continue ramping up spending on AI infrastructure.
UBS highlighted strong financial performance, including revenue growth of nearly 196% year-over-year, expanding profit margins, stronger free cash flow, and improving inventory levels.
MU stock bullish run
The bullish analyst calls come after Micron stock surged to record highs above $900 per share briefly pushing the company’s market capitalization beyond $1 trillion. By press time MU stock was trading at $964 having ended the Friday session up almost 5% while year-to-date, the equity has gained 240%.
The rally has been fueled by explosive demand for DRAM and high-bandwidth memory chips used in artificial intelligence workloads.
Industry forecasts from Omdia project semiconductor revenue could grow 62.7% in 2026, while the DRAM market alone is expected to nearly double from 2025 levels.
Analysts believe the combination of strong AI demand, tight supply, and long-term customer agreements could continue supporting higher Micron stock valuations over the coming years.
