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Micron Stock Surges 10.8% as Analysts Raise Price Targets to $1,200–$1,500

2026-06-16 03:01:19

According to MarketWatch, Micron Technology (NASDAQ: MU) jumped 10.8% to $1,087.99 per share on Monday as Wall Street analysts grew increasingly optimistic about the company's outlook. TD Cowen analyst Krish Sankar raised his price target from $660 to $1,500 on Sunday, while RBC Capital Markets analyst Srini Pajjuri raised his from $525 to $1,200, implying approximately 20% upside potential. Both analysts cited sustained demand for memory driven by expanding AI infrastructure and agentic AI development, with Pajjuri noting the current DRAM cycle has reached its 12th quarter and could extend another five to six quarters, compared to historical cycles of eight to nine quarters.

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