Deutsche Bank’s Melissa Weathers raised Micron’s (MU) stock price target from $1000 to $1500 on June 17, 2026, a 50% increase from its previous outlook. Weathers has also maintained a “BUY” signal for the stock. TD Cowen’s Krish Sankar also raised the stock price target to $1500 earlier this month. The stock price target revision comes ahead of the company’s earning reported on June 24. Let’s discuss if it is a good time to enter a position with Micron (MU), or should you wait for prices to dip.

Should You Enter Micron After Its Stock Price Target Revision?

Micron (MU) seems to have navigated the market dip on June 17 quite well. The S&P 500 and Nasdaq finished lower on Tuesday after Federal Reserve Chair Kevin Warsh announced that interest rates will remain unchanged. Warsh stated that inflation is still above the Federal Reserve’s 2% target and prices are too high. Micron (MU), on the other hand, closed 2.20% higher, gaining 22.43 points. The stock also saw gains in after market hours, trading at $1085.06, a rise of 4.01%, gaining 41.87 points.

What’s Behind The Bullish Outlook?

The bullish momentum around Micron (MU) stock prices align with the larger AI boom. TD Cowen’s Krish Sankar believes that the role of memory chips in AI represents a permanent shift in, rather than a cyclical trend. The surging demand for AI products has led to significant growth for the companies in the sector. Micron’s memory chips, consequently, are in high demand among manufacturers.

Also Read: How Much Will Micron Stock Be Worth in 2030

What’s more is that SpaceX, the latest giant in the publicly traded company space, has big plans for semiconductor spending. The move could further boost demand for Micron’s (MU) memory chips.

Risks Around Micron

Micron’s entire 2026 high-bandwidth memory production already sold out under contract. This could lead to AI companies going to competitors for memory chip supplies. Samsung and SK Hynix are two of Micron’s biggest rivals and could eat up the company’s market if if cannot meet demand.

There is also a risk of AI stocks being overbought. Many experts say that we are in an AI stock bubble, similar to what happened with the dot com bubble of the late 90s.