Analyst raises Micron stock price target by staggering 203%

Published: Tuesday, May 26, 2026 at 1:33 pm

Micron Stock Skyrockets: Analyst Predicts Massive Price Surge

New York, NY – May 27, 2024 – Shares of memory giant Micron (NASDAQ: MU) are poised for a significant rally, according to a recent analysis from UBS. Analyst Timothy Arcuri has dramatically increased the 12-month price target for Micron stock by a staggering 203%, from $535 to $1,625. This bullish outlook is fueled by the ongoing artificial intelligence (AI) boom and its impact on the memory market.

Arcuri's analysis suggests that structural changes driven by AI are poised to re-rate Micron's stock higher. The analyst also revised forecasts for DRAM and NAND undersupply, extending the periods of scarcity. The DRAM undersupply is now projected to last until the second quarter of 2028, while NAND undersupply is expected to persist through the fourth quarter of 2027. UBS estimates that Micron could maintain earnings per share (EPS) comfortably above $100 throughout this period, even under a moderate economic downturn.

Despite the overall positive sentiment, the market has a mixed outlook. While Micron shares have already experienced a substantial surge, rising 679% over the past year to $751, the average analyst expectation for the next 12 months is a decline of 7.09% to $697.78. This discrepancy highlights the exceptional nature of UBS's forecast, which stands as the highest price target on Wall Street at the time of the report. Even when considering only recent revisions, only a few other analysts anticipate Micron reaching or exceeding $1,000.

The news of UBS's revised price target had an immediate impact, with Micron stock rising more than 8% in pre-market trading on Tuesday.

BNN's Perspective:

While the projected growth is impressive, investors should approach this with a degree of caution. The market's overall sentiment is more conservative, and such a significant price target increase is an outlier. It is important to consider the broader economic landscape and the potential for volatility in the tech sector. However, the AI boom's impact on memory demand is undeniable, and Micron is well-positioned to capitalize on this trend.

Tags: Micron, MU, stock, price target, UBS, Timothy Arcuri, AI, artificial intelligence, DRAM, NAND, undersupply, earnings per share, EPS, Wall Street, investment, market analysis, technology, semiconductors

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