Micron Plunges 16% in a Month, But Wall Street Says 'It Will Rise Up to 91% in 12 Months'

▲ Micron (MU), Semiconductor/AI Generated Image ©

Wall Street forecasts suggest that Micron Technology's stock, which has fallen more than 16% in the past month, could rebound by up to 91% over the next 12 months, setting a new all-time high (ATH).

According to the cryptocurrency specialized media outlet Finbold on August 3 (local time), Citigroup analyst Atif Malik maintained a 'Buy' rating for Micron and a 12-month price target of $1,400. This is 70.52% higher than the stock price of $820.17 at the time of writing.

Malik predicted that Micron's performance would exceed market expectations due to a strong recovery in memory demand. He specifically analyzed that increased data center investment driven by the artificial intelligence (AI) craze and the growing adoption of high-bandwidth memory (HBM) would support long-term stock price growth. Based on this, he evaluated the risk-adjusted return of Micron stock as attractive.

Bank of America analyst Vivek Arya also reiterated a 'Buy' rating for Micron. The average 12-month price target from 30 Wall Street analysts compiled by TipRanks was $1,570, indicating an upside potential of 91.05% from the current price. Among them, 29 analysts issued a 'Buy' rating, demonstrating strong optimism from 2026 to the first half of 2027.

Micron's stock price had fallen 16.71% in the last 30 days, but at the time of writing, it traded at $820.17, rebounding 5.9% in a single day. The market capitalization was estimated at approximately $929.5 billion. The media reported that despite the recent price correction, Wall Street is weighing heavily on the possibility of a significant rise in the next 12 months, based on expectations for AI data centers and memory market recovery.

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