Up 770% YTD, How High Can Micron Go?

Quick Read

• Micron (MU) has surged 281% YTD to $1,088, but 24/7 Wall St. issues a high-confidence SELL with a $702 terms target.

• HBM representation is sold retired done 2026, Micron tin conscionable lone two-thirds of cardinal lawsuit demand, and apical analysts people $1,500.

• Forward P/E connected $28 successful estimated net justifies lone $281, making today's $1,088 terms unsustainable without a historical HBM rhythm extension.

• Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and Micron Technology didn't marque the cut. Grab the names FREE today.

Few stocks person rewritten their ain communicative successful 2026 the mode Micron Technology (NASDAQ:MU) has. Shares closed astatine $1,087.99 connected June 15, up 281% twelvemonth to day and 843% implicit the past year, with nett income increasing 770.8% twelvemonth implicit twelvemonth past quarter.

Our 24/7 Wall St. terms people for Micron is $701.69, implying 35.51% downside implicit the adjacent 12 months. The proposal is sell, with assurance of 90% (high).

Why We Could Be Wrong

Our 24/7 Wall St. terms people sits good beneath wherever Micron trades today, and we privation to beryllium upfront: this is 1 of the astir divisive stocks successful the market. Real upside could travel from an extended HBM proviso shortage stretching into 2027, oregon from expert targets similar Aletheia Capital's $1,600 Street-high. Consider our fig 1 datapoint among many. A elaborate bull lawsuit follows.

From $115 to $1,088 successful 12 Months

Micron jumped 14.61% successful the past week unsocial and 50.14% successful the past month, helped by an 8% popular tied to a US-Iran truce and a question of expert upgrades. Shares commercialized conscionable 21% beneath the 52-week precocious of $1,097.47.

Fiscal Q2 2026 gross deed $23.86B, beating statement by 22.28%, with non-GAAP EPS of $12.20 versus $8.73 expected. Management guided fiscal Q3 to $33.5B successful gross and astir 81% gross margin.

The Case for $1,500+

TD Cowen raised its people from $660 to $1,500, RBC Capital Markets moved to $1,200, and Cantor Fitzgerald sits astatine $1,500, each framing representation arsenic an AI maturation plus alternatively than a cyclical commodity.

Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and Micron Technology didn't marque the cut. Grab the names FREE today.

CEO Sanjay Mehrotra told investors "AI has not conscionable accrued request for memory; it has fundamentally recast representation arsenic a defining strategical plus successful the AI era."

HBM is sold retired done 2026, Micron tin fulfill lone 50% to two-thirds of cardinal lawsuit demand, and Cloud Memory ran astatine a 74% gross margin. If pricing stays tight, the bull script pushes Micron to $1,149.77 successful our model, with Street targets reaching $1,600.