Micron Technology stock targets rise sharply as analysts boost AI-driven outlook

Equity research firms have sharply increased their price targets for Micron Technology (NASDAQ:MU). Barclays lifted its target to $2,000, while HSBC raised its target to $1,700, both maintaining a "Buy" rating. Other analysts, including Wells Fargo, Morgan Stanley, Rosenblatt Securities, Sanford C. Bernstein and UBS, also upgraded their forecasts, reflecting consensus optimism.

Micron reported third‑quarter revenue of $41.46 billion and adjusted earnings per share of $25.11, well above analysts' expectations. The surge is driven by heightened demand for high‑bandwidth memory (HBM) in AI data centers, where memory chips have become a bottleneck in AI infrastructure build‑out. The company’s strong margins and growth have prompted investors to lift the stock, which has risen 200%‑plus year‑to‑date.

Analysts caution that memory markets are cyclical and that supply‑side catch‑up could compress margins, but the prevailing view is that sustained AI‑related demand will keep pricing power intact for the near term.