Micron’s (MU) Memory Boom Is Not Over, But Here’s What Analysts Think Of The Stock Price

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Micron’s (MU) Memory Boom Is Not Over, But Here’s What Analysts Think Of The Stock Price.

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By Jabran Kundi

Micron Technology Inc. (NASDAQ:MU) is one of the 10 AI Stocks That Are Surging. On June 15, TD Cowen raised the firm’s target price on Micron Technology Inc. (NASDAQ:MU) from $660 to $1500 and maintained a Buy rating on the stock. The firm remained optimistic about MU due to growing memory demand, particularly DRAM used in AI systems, alongside strong earnings growth in 2027. Moreover, with strong CPU demand, favorable memory pricing could continue through the second half of 2027.

In addition to TD Cowen, Wolfe Research analyst Chris Caso also raised the firm’s target price on Micron Technology Inc. (NASDAQ:MU) to $1250 from $550 and reiterated an Outperform rating on June 11. The upward price target revision reflects a 10% upside from current levels. The firm raised its forecast for MU due to stronger expectations for memory chip pricing. The firm expects stronger memory pricing throughout 2026, something that was confirmed on the company’s earnings call earlier this week. While the memory supply crunch persists, investors continue to debate the stock’s valuation, resulting in severe volatility on either side of the earnings report.

Micron Technology Inc. (NASDAQ:MU) provides memory and storage solutions sold into client, cloud server, enterprise, graphics, networking, smartphone, mobile-device, automotive, industrial, and consumer markets, among others.