Wall Street analysts have been rushing to lift their 12-month price targets for one of the biggest beneficiaries of the artificial intelligence (AI) boom of 2026, Micron (NASDAQ: MU), ahead of the June 24 earnings.
Indeed, on Monday, June 22, MU shares received three new ratings forecasting rallies in the range between 9.05% and 46.8%.
The most conservative estimate was provided by Bernstein’s Mark Li, who issued a ‘Buy’ recommendation, while swapping his previous $510 forecast for a new estimate at $1,300.
Quinn Bolton from Needham gave Micron stock the same rating but lifted the old $500 12-month price target for a new $1,550 prediction for a 30.03% rally from $1,192.06 at press time on June 22.
Lastly, Susquehanna Mehdi Hosseini was the most optimistic Wall Street expert on Monday as he not only estimated MU shares are a ‘Buy,’ but also set his sights at $1,750 for the equity.
Overall, much of the institutional optimism for the memory giant has been focused on assessments indicating that both demand and market undersupply would last through 2027 and possibly into 2027, giving Micron favorable pricing conditions.
Micron stock soars 277% in 2026
Elsewhere, as optimistic as Wall Street has been regarding MU stock in recent weeks, even the upside forecasted by Susquehanna appears tame when compared with the year-to-date (YTD) chart.
Specifically, the memory giant started the year at $315.42 and remained largely stagnant through late March when its fortunes changed, and it began a rally that took the equity 277.93% higher for the year and to its press-time price of $1,192.06.
Additionally, Micron largely evaded the early June bloodbath driven by a temporary re-escalation in the Middle East and the substantial selling activity driven by the need to raise capital for the SpaceX (NASDAQ: SPCX) initial public offering (IPO), and MU soared 15% during the month.
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