Micron’s AI-driven rally faces mixed Wall Street bets

Micron Technology has surged about 154% year-to-date on AI-driven memory demand, but analysts are divided on how much further MU can rise. Bulls like D.A. Davidson’s Gil Luria with a Buy and a $1,000 target and Bank of America’s Vivek Arya with a $950 target point to strong mid-term demand and pricing support, while Bernstein’s Mark Li ($510) and TD Cowen’s Krish Sankar ($660) warn of downside risk after a powerful rally. Overall, the street shows a Strong Buy with an average target around $608 (about 16% below current levels), suggesting the upside is increasingly priced in as investors weigh AI-driven memory demand against potential margin headwinds.