Micron’s median 12-month price target of $1,600 implies potential gains of up to 85% from recent lows near $865.
Micron Technology (NASDAQ: MU) shares have fluctuated sharply, trading between $804 and $1,255 over the past month. Analysts surveyed by CNN project a median price target of $1,600 for the next 12 months, suggesting an 84.8% upside from its July 20 close of $865.46.
The highest target among analysts reaches $2,200, while the lowest stands at $361. Recent closing prices of $865.46 and $959.48 highlight the stock’s volatility, with potential returns varying significantly based on entry points.
Price targets reflect estimates and are subject to change due to internal company factors and external market conditions. Analysts caution against relying solely on these projections for investment decisions.