Micron stock could double even after the brutal 13.25% selloff that took shares from $996 down to $864 on June 5, 2026, wiping out roughly $131 per share in a single session. A lot of investors are now asking whether the rally is over. But at the time of writing, MU stock analysis from across Wall Street points in the opposite direction, with Micron stock price prediction targets ranging from $1,050 all the way up to $1,750, and a Micron stock price target median sitting at $550 across 28 analyst firms tracked over the past six months.

Micron Stock Drop, MU Stock Analysis And Price Prediction for 2026

Why The Memory Shortage Still Supports Micron Stock

The Micron stock drop comes at a strange moment, because the underlying supply picture has not really changed at all. Data centers right now need enormous amounts of both DRAM, the kind of memory that goes into AI computing chips, and also NAND, which powers solid-state storage. Both types remain in short supply, and that shortage keeps pushing prices higher. Micron sold out of its entire 2026 supply of high-bandwidth memory products, and management expects the addressable market for those advanced chips to grow at a 40% annual rate, reaching $100 billion by 2028.

Nvidia projected that global data center capital expenditures could reach between $3 trillion and $4 trillion annually by 2030, up from the estimated $650 billion AI hyperscalers plan to spend this year. That gap keeps MU stock price prediction models optimistic, even right now after the sharp drop.

What Analysts Say About The MU Stock Price Target

The broker rating breakdown sits at 76.2% Strong Buy from 42 analysts, with zero sell ratings in the last six months, per Quiver Quantitative data. UBS raised its Micron stock price target to $1,625 from $535 in late May, pointing to new long-term memory supply deals as a reason prices and profits stay stable. UBS noted: “No reason” Micron shouldn’t trade like a high-flying chipmaker such as Nvidia, given AI demand.

Susquehanna’s Mehdi Hosseini set the highest Micron stock price target on the street at $1,750. Morgan Stanley’s Joseph Moore kept an “Overweight” rating with a $1,050 target. Raymond James raised its target to $1,100, with analysts there calling Micron’s current cycle structurally different from prior memory booms, hence the headline “This Time Is Different.” Goldman Sachs, the lone outlier, sits closer to $400, warning that memory remains cyclical.

Also Read: Micron Stock Will Explode After June 24: Here’s Why

How Micron Stock Could Double From Current Levels

At 18 times forward earnings, Micron stock looks cheap next to peer Sandisk, which trades at around 28 times. Valuation gap alone could unlock around 50% upside, with the other 50% coming from earnings beats. Analyst consensus right now projects 263% revenue growth for Micron’s next quarter, and 250% after that. Wall Street’s fiscal 2027 forecast sits at 60% revenue growth, but MU stock analysis suggests that number moves past 100% if 2027 data center demand comes in as expected. That scenario is exactly how MU stock could double by year-end, per Drury’s analysis.

The bear case also deserves a mention. Financial models like TIKR point to a low-case scenario of $241 to $249 for MU, which plays out if AI memory demand softens or if the market decides to compress forward earnings multiples. With 76.2% of analysts rating MU a Strong Buy and Micron stock price target upgrades still coming in week after week, though, the overall read on Micron stock right now stays far from bearish.