Micron Technology (MU) continues to benefit from the growing AI boom, as strong demand for high-bandwidth memory (HBM), AI servers, and data centers fuels growth across the semiconductor industry. MU stock has delivered a massive rally over the past year, gaining more than 750%. Here’s what financial analysts currently expect from Micron stock.
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For context, Micron makes NAND chips for long-term storage like SSDs and smartphones, and DRAM chips that act as fast working memory in computers and data centers.
Latest Analysts’ Views on MU Stock
Despite the sharp run-up, Wall Street analysts remain optimistic about Micron’s outlook.
Recently, top-rated Deutsche Bank analyst Melissa Weathers raised her price target on MU stock to a Street-high of $1,000 while maintaining a Buy rating. Weathers said AI is fundamentally reshaping the memory-chip industry, with memory becoming increasingly critical for improving AI performance and handling larger workloads.
She also noted that falling AI costs are helping drive broader adoption across cloud and edge computing, which continues to support strong demand for Micron’s high-bandwidth memory (HBM) products.
Meanwhile, DA Davidson’s four-star-rated analyst Gil Luria reiterated his Buy rating with a price target on MU to $1,000, implying around 25.7% upside from the current level. Luria believes the market is still treating the current memory cycle like past downturns and underestimating the strength of demand, especially compared to the broader semiconductor sector. He also sees significant upside potential for Micron due to its technology leadership and strong long-term earnings outlook.
Who Are the Best Analysts Covering MU Stock?
Five-star-rated analyst Krish Sankar at TD Cowen is currently the most accurate analyst covering MU over the past three months. He has an 89% success rate and an average return of 33.27% per trade. On TipRanks, Sankar ranks #16 among more than 12,000 tracked analysts.
Sankar maintains a Buy rating on MU stock with a $660 price target. He said the next major catalyst for Micron could depend more on how long AI-driven demand remains strong rather than near-term earnings upside, with AGI CPU demand potentially supporting long-term DRAM growth.
Meanwhile, top-rated analyst Vijay Rakesh at Mizuho Securities stands out as the most profitable analyst covering MU stock across the three-month, one-year, and two-year timeframes. Last month, Rakesh reiterated his Buy rating on MU stock and raised his price target to $740.
What Is the Price Target of MU Stock?
Turning to Wall Street, analysts have a Strong Buy consensus rating on MU stock based on 27 Buys and three Holds assigned in the past three months. The average Micron stock price target of $591.67 per share implies a downside of 21.56% from the current level.
