Micron Technology shares attract investor interest as analysts raise price targets

Micron Technology reported a 196% jump in revenue to $23.8 billion and a 682% surge in non‑GAAP net income for the second quarter of fiscal 2026, driven by strong AI‑related demand for its DRAM and NAND memory chips. The tight supply has pushed memory prices higher, prompting analysts to lift price targets – Deutsche Bank to $1,500 and Citi to $1,200 per share – and to project a potential $1,500 share price by late 2027.

Institutional investors are also increasing stakes. BNB Wealth Management LLC acquired 2,630 Micron shares worth about $750,000 in the fourth quarter, while other funds such as High Note Wealth and Elevation Wealth added to their holdings. Institutional ownership now exceeds 80% of Micron’s stock, reflecting broader confidence in the company’s position within the AI‑driven semiconductor market.