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Micron Falls 6% on June 16 but Keeps Analyst Support; Wall Street Targets $1,500

2026-06-17 03:35:46

According to Barron's, Micron Technology (MU) stock fell 6.2% to close at $1,023.98 on June 16, following a strong rally the prior day. Despite the pullback, Wall Street analysts remain optimistic, with TD Cowen and Cantor Fitzgerald raising their price targets to $1,500, implying approximately 40% upside from current levels. Melius Research analyst Ben Reitzes maintains a more conservative $1,100 target but projects 2027 earnings per share of $150.

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