Despite Micron Technology, Inc. (NASDAQ:MU)’s impressive 90% gains in May 2026, the Street continues to increase price targets, reflecting continued bullish sentiment on the stock.
Micron Technology is also among our Best Performing Stocks in May
Recently, on June 3, Morgan Stanley raised the firm’s price target on Micron Technology, Inc. (NASDAQ:MU) from $520 to $1,050, while maintaining a Buy rating on the shares. Earlier, on May 29, Susquehanna also raised its price target on the stock from $600 to $1,750 and maintained a Buy rating. Morgan Stanley noted that their thesis around memory stocks is simple: that there is no quick fix to the ongoing memory shortage.
The firm expects the supply tightness to persist for two to three years or more, creating a sustained favorable environment for memory producers like Micron. Despite memory stocks already performing strongly in both 2025 and 2026, Morgan Stanley believes the rally has further room to run. Similarly, Susquehanna’s thesis is based on the strengthening average selling prices and growing confidence that elevated margins are sustainable, not temporary.