Micron Technologies stock (NASDAQ: MU) crashed to the $850 mark on Thursday, reaching the day’s low of $840. MU plunged nearly 6% in the day’s trade and shed close to 52 points. The global semiconductor sector is facing increased selling pressure due to profit booking. The crash is also seen as a buying opportunity for investors, as MU is now at its monthly lows. It is also among the most sought-after equities in the market for its robust performance in 2026.

MU has spiked more than 200% year-to-date and risen close to a whopping 700% in a year. An investment of $1,000 a year ago has turned into $8,000 in July 2026. Such is the scale of its rise, and institutional funds and retail investors around the world are making a beeline to accumulate it. Even after Micron stock, rising nearly 700% in a year, Wall Street is still hungry for the semiconductor industry. The sector provides vital support for developing AI technology, and data centers need their chips the most.

What makes Micron stand out is that the company designs, builds, and tests its own memory and storage products entirely in-house. They do not depend on any third-party involvement, giving them leverage on pricing. This is what makes Micron the most lucrative stock out there, as it’s a powerhouse in the semiconductor sector. MU below $1,000 is still considered the best buy, according to Wall Street.

Also Read: Micron Stock Can Crash to $361 in Worst-Case Scenario (MU): Prediction

Wall Street Analysts Predict When Micron Stock Can Reach $2,200 (MU)

A total of 45 Wall Street analysts reported on the leading analytical firm StockAnalysis gave their consensus for Micron stock. Among the 45 analysts, 28 have given a ‘strong buy’ rating, and 10 have given a ‘buy’ call. Only three financial strategists gave it a ‘hold’ call, while two gave a ‘strong sell’ rating. Therefore, the majority of them are bullish on the equity prospects, citing further steam ahead. The consensus estimates that Micron stock can double in price from here and breach the $2,000 threshold. This is among the most bullish price projections for the leading semiconductor giant.

According to the Wall Street consensus, Micron stock can reach the $2,200 price target in the next 12 months. That’s the maximum price the equity can reach by July 2027, according to the analysts. Therefore, MU could be trading at the $2,200 level at the same time next year in July. That’s a profit of more than 100% if the price prediction turns out to be accurate. That’s an uptick and return on investment (ROI) of approximately 160% from its current price of $850. Therefore, an investment of $1,000 could turn into $2,600+ if MU reaches the mentioned target.