Quick Read – BofA analyst Vivek Arya raised MU’s price target to $1,550, implying 83% upside, after Micron beat EPS estimates by 24% for the eighth straight quarter. – BofA forecasts the HBM market growing to $246 billion by 2030, and Micron has locked in 16 multi-year customer…
reements to capture that demand. – Micron trades at a forward P/E of 5 despite a 19% monthly decline tied to a broad memory selloff, not company-specific weakness. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Micron Technology didn’t make the cut. Grab the names FREE today
Bank of America says Micron Technology (NASDAQ:MU) is going to $1,550, a call that implies roughly 83% upside from the stock’s $848.95 close on July 17, 2026. Investors should confirm the price intraday, since the memory name has been moving fast in both directions. Who Is Making the Call BofA analyst Vivek Arya lifted his price objective to $1,550 from $1,500 and reiterated a Buy rating, citing “another memorable beat.” Arya has also framed the recent chip pullback as a “summer reset” rather than a fundamental reversal.
He is not alone. TD Cowen has also moved to $1,500, and the Street consensus target sits at $1,491.95, with 31 Buy and 9 Strong Buy ratings against a single Strong Sell. The Numbers Behind the Target Micron’s fiscal Q3 2026 report gave the bulls plenty of ammunition.