Micron’s AI Boom Could Drive 12‑Month Upside to $1,120–$1,870

Micron is riding the AI‑driven memory‑chip surge, with High‑Bandwidth Memory (HBM) chips and enterprise SSDs fueling revenue growth. If the AI boom persists, analysts expect Micron to be valued at six times forward earnings, potentially lifting the stock about 8% to around $1,120 in the next 12 months; a richer 10x forward-earnings multiple could push it toward roughly $1,870, offering meaningful upside though the stock remains cyclical and tied to AI demand.