Analysts Bullish on Micron, Targets Up to $1,100 as AI Demand Soars

On May 19, 2026, Micron stock (MU) closed at $698.74, up 2.52% but still below its peak, as investors debated whether the semiconductor giant’s worst declines were over. Consequently, Wall Street analysts remain overwhelmingly bullish, with 92% issuing Buy ratings according to the latest data.

However, the analyst price targets show extreme divergence, with a median of $600 and a high-end target of $1,100. Firms like Mizuho and Citigroup have significantly raised their forecasts, pointing to AI server demand as the core catalyst. Meanwhile, NAND and DRAM prices have surged over 350% from a year ago, fueling optimism.

Analyst Gil Luria of DA Davidson reiterated his $1,000 target, stating “The market is still treating the current memory cycle like past downturns.” Consequently, a potential Samsung worker strike from May 21 to June 7 could further tighten supply before Micron‘s earnings.

Meanwhile, bears highlight significant insider selling and valuation concerns. Seeking Alpha analyst Victor Dergunov downgraded the stock, calling its near $1 trillion valuation “preposterous.” He expects a correction toward $500-$600. Conversely, bulls argue AI-driven demand is a multi-year structural shift.

Micron‘s high-bandwidth memory is reportedly sold out for quarters. Citi analyst Atif Malik expects memory makers to be “disciplined in adding supply” to protect pricing. The upcoming earnings report and Samsung labor talks will likely dictate the stock’s next major move.

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