How High Can Micron’s Stock (MU) Price Rise?

Micron (MU) stock soared on Friday after the shares had already experienced significant gains so far this year. This has some investors wondering just how long this rally can last. Fortunately, Wall Street’s analysts can give them an idea with price targets, including one expert who claims $1,000 per share is on the horizon.

D.A. Davidson analyst Dan Waggoner holds the highest price target for MU stock among his peers. The analyst’s $1,000 price target implies a possible 38.94% upside for the shares. Investors will note this price target came at the same time that Waggoner initiated coverage of the stock in late April, which included a Buy rating for the shares.

Waggoner’s incredibly bullish stance on MU stock has to do with the AI boom. He claimed a “longer-than-usual memory cycle as compute deployment and demand generation exist in a positive feedback loop.” Waggoner also argued that the AI boom has created “meaningful upside” for MU shares.

Micron Stock Movement Today

Micron stock was up 10.5% on Friday, extending a 150.45% year-to-date rally. The shares have also soared 653.21% over the past 12 months. Much of these gains can be attributed to the increased server component demand caused by the AI boom.

MU stock trading activity today saw some 26.32 million shares change hands, compared to a three-month average daily trading volume of about 46.34 million shares.

Micron stock is also likely to rally after the company releases its next earnings report, which is set for July 1, 2026. Recent earnings reports from memory companies have pushed shares higher, and MU will likely experience a similar boost.

Is Micron Stock a Buy, Sell, or Hold?

Turning to Wall Street, the analysts’ consensus rating for Micron is Strong Buy, based on 27 Buy and three Hold ratings over the past three months. With that comes an average MU stock price target of $581.89, representing a potential 18.5% downside for the shares.