Wall Street analysts have raised their price targets on Micron Technology (NASDAQ: MU), citing stronger memory pricing, improving market fundamentals, and sustained demand from artificial intelligence infrastructure.
The bullish calls come ahead of Micron’s fiscal third-quarter earnings report on June 24, with analysts expecting the company to benefit from ongoing memory supply constraints.
In this line, Deutsche Bank analyst Melissa Weathers raised her Micron stock price target to $1,500 from $1,000 and maintained a ‘Buy’ rating. The new target implies roughly 47% upside from Micron’s recent closing price of $1,020.
According to Deutsche Bank, strengthening memory prices, improving financial outlook commentary from management, and Micron’s history of outperforming revenue expectations support a more bullish forecast for the stock.
The firm expects favorable supply-demand dynamics in the memory market to persist through the second half of 2026 and continue into 2027 and 2028.
The bank also projects Micron will generate $35.1 billion in revenue during the third quarter of its current fiscal year, exceeding the company’s own guidance of $33.5 billion.
Separately, Citi raised its Micron stock price target to $1,200 from $840 and reiterated its ‘Buy’ rating.
The investment bank increased its fiscal 2026 and 2027 estimates following stronger-than-expected memory pricing trends and improving profitability expectations.
Citi also raised its valuation multiple for Micron, pointing to elevated gross margins and reports of constrained DRAM supply, which could further support pricing power across the memory industry.
Micron shares have been among the strongest performers in the semiconductor sector, surging roughly 258% year to date as artificial intelligence adoption accelerates demand for high-bandwidth memory and other advanced memory products.
Wall Street bullish on MU stock price
Analyst sentiment remains overwhelmingly positive. According to data from TipRanks analyst consensus, 31 Wall Street analysts currently rate Micron as a ‘Strong Buy’, with 28 ‘Buy’ ratings, three ‘Hold’ ratings, and no ‘Sell’ ratings.
The consensus 12-month Micron stock price target stands at $1,048.57, implying a modest 2.7% upside. Analyst forecasts range from a low target of $500 to a high estimate of $1,750.
Overall, Wall Street sentiment remains overwhelmingly bullish, reflecting confidence that sustained AI-driven demand and tight memory supply conditions will continue to support the company’s growth outlook.
