AI Demand Fuels Micron Stock Rally as 2026 Targets Vary

Micron Technology is benefiting from AI-driven demand for high-bandwidth memory in AI servers and data centers, fueling a sharp rally in MU that’s up about 175% year-to-date and more than 750% over the past year. Analysts remain upbeat, with Deutsche Bank and DA Davidson lifting targets to $1,000, TD Cowen’s Krish Sankar at $660, and Mizuho’s Vijay Rakesh at $740, contributing to a Strong Buy consensus (27 Buys, 3 Holds). The average price target is roughly $591.67, implying about a 22% downside from current levels despite the optimistic AI-driven long-term outlook.