Micron Technology stock surged over 4.7% on Wednesday, trading near $732, as analysts revised long-term price targets upward. Several firms now project the stock could reach $1,480 by the end of 2027, more than double its current price, driven by a severe memory chip shortage and booming AI demand. Out of 42 covering analysts, none currently hold a Sell rating, reflecting broad bullish sentiment on the semiconductor manufacturer’s outlook.
Micron Technology shares climbed over 4.7% on Wednesday, trading around $731.99, reigniting discussions about its 2027 price target. The rebound followed a rough period for chip stocks, with multiple firms now revising their outlooks upward for the memory specialist.
Some analysts see MU reaching $1,480 per share by the end of 2027, more than doubling from current levels. The brokerage community is described as about as bullish on Micron as it gets, with a Zacks Rank of 1-Strong Buy.
Semiconductor stocks broadly bounced back, with MU gaining as much as 5.3% intraday. The stock has risen roughly 156% year-to-date and touched an all-time high of $818.67 earlier this year.
Memory chips are in short supply, and Micron has stated it can only meet roughly half to two-thirds of medium-term demand. The high-bandwidth memory market, crucial for AI infrastructure, is projected to grow from $35 billion in 2025 to $100 billion by 2028.
Mizuho analyst Vijay Rakesh raised his price target to $800, keeping an Outperform rating. “Memory pricing in both NAND and DRAM looks strong heading into the second half of 2026 and into 2027, aided by rising demand from AI servers, including HBM and enterprise SSDs,” he stated.
Wall Street puts Micron’s fiscal 2027 earnings per share at $102.58, with a forward estimate of $133.35 for the following year. Applying a forward price-to-earnings multiple of 11.1 times leads to the $1,480 per share model.
Other firms are also raising targets, with Melius Research lifting its figure to $1,100 and Citi moving to $840. Out of 42 analysts covering the stock, not one carries a Sell or Strong Sell rating, with an Average Brokerage Recommendation of 1.36.
The primary risk is the cyclical nature of the memory chip business, where prior build-outs have overshot demand. If new supply eventually catches up with AI-driven orders, Micron’s current pricing power could erode rapidly.
