Wall Street has been hard at work issuing new – and generally bullish – forecasts for various technology stocks as well as the entire S&P 500 benchmark index in mid-May, and the memory giant Micron (NASDAQ: MU) proved the latest to receive such treatment.
Specifically, having analyzed the impact of artificial intelligence (AI) data centers on the analog and memory markets, Mizuho Securities decided to reissue its previous ‘Buy’ rating for MU shares while increasing the 12-month price target from $740 to $800.
According to analyst Vijay Rakesh, the business is backed by the continuously high demand driven by AI server needs, with tailwinds across NAND and DRAM helping justify the new forecast.
Notably, however, the sustainability of such strong performance remains somewhat uncertain, with the public attitude toward the technology and the associated investments turning increasingly negative, and with confirmation that planned data centers turned fully operational being difficult to come by.
Micron stock, for its part, already soared 135.04% in 2026 and is, at press time on May 19, changing hands at $670.84.
Wall Street sets Micron stock price target for next 12 months
Elsewhere, the speed with which MU shares have been rallying in recent weeks is evident in the average price targets displayed on various aggregate platforms.
For example, Micron equity is, overall, considered a ‘Strong Buy’ on the stock analysis platform TipRanks based on all of the Wall Street analyst notes issued in the last three months, but is, nonetheless, expected to drop 5.99% to $640.74 on average.
Simultaneously, however, institutional bullishness is highlighted by the most recent revisions. Along with Mizuho, two other major firms published their own price targets for Micron stock on May 18.
Specifically, Citi’s (NYSE: C) Atif Malik provided a ‘Buy’ recommendation while raising his forecast from $425 to $840, and Melius Research’s Ben Reitzes opted for the same rating, but a significantly higher new 12-month price target of $1,100.
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