Micron Stock Price Target: Leading Analyst Sees MU at $1,250

Micron stock price target chatter is heating up fast, and it’s easy to see why. New Street Research analyst Pierre Ferragu just raised his outlook to $1,250, which pushed the whole Micron stock price target conversation into a different gear this week. Micron stock today is trading close to $972, and that’s already a big jump from where shares sat back in April. The new Micron stock forecast points to roughly 32% more upside from Thursday’s close at $949.83, and this fresh Micron stock target for 2026 also reflects something bigger, since Wall Street is starting to treat Micron a little differently than it used to. The MU stock increased price target follows a wave of AI-driven memory demand that, at the time of writing, is still reshaping the whole sector.

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Micron Stock Target for 2026, Forecast And MU Price Prediction

MU shares have climbed nearly 240% year to date, and that’s well ahead of the S&P 500’s roughly 14% gain, according to Seeking Alpha figures. Shares are still down more than 20% from their late-June peak, though, and China’s YMTC has actually overtaken Micron in global NAND shipment share, per CNBC reporting. A lot of Micron’s 2027 capacity has already been booked, Yahoo Finance reported, since AI demand keeps outrunning supply right now. That’s also a big reason why the Micron stock price target keeps climbing instead of leveling off, and it’s also why the Micron stock forecast has gotten more aggressive in recent weeks.