Micron stock could surge 70% to $1,400 within 12 months, according to Citigroup analyst Atif Malik. The semiconductor maker has tumbled 16% over the past month, trading at $820 as of early August 2026, but Wall Street remains convinced the selloff is overdone.
Malik reiterated his Buy rating and flagged a simple reason for the bullish call: memory chip demand is about to explode. AI data centers and high-bandwidth memory adoption are the twin engines. Micron sits in the middle of both trends, which is why the analyst sees an attractive risk-reward setup despite the recent weakness.
The broader Street is even more optimistic. Thirty analysts tracked by TipRanks have set an average 12-month target of $1,570, implying 91% upside. Twenty-nine of them rate the stock a Buy. That's near-unanimous conviction, which rarely happens in tech.
Vivek Arya at Bank of America echoed Malik's view on Monday, also reaffirming a Buy. The consensus is clear: memory is about to matter again. After years of oversupply and price pressure, the AI boom is finally pushing customers to hoard chips. Micron's market cap sits around $929.5 billion after climbing 5.9% in the last 24 hours, a small rebound in what remains a down month.
This material is informational and should not be construed as investment advice. Always consult a financial professional before making trading decisions.
