Micron Falls 18% in a Month, But Analysts See 84% Upside Despite Market Pullback

According to TipRanks, Micron Technology (MU-US) fell 18% over the past month amid profit-taking and weakness in AI and tech stocks following Middle East tensions. Despite the pullback, Wall Street analysts maintain an optimistic outlook, with an average price target of $1,569.29 suggesting approximately 84% upside.

KeyBanc analyst John Vinh raised his target price to $1,750 this week, implying over 100% upside, citing tight memory supply through 2027. Melius Research analyst Ben Reitzes assigned the highest Wall Street target of $2,200, citing Micron's long-term supply contracts that lock in pricing stability.