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Micron stock hits $1,000, analyst doubles 12-month target to $1,100 amid strong demand.

Analyst Insights
01 Jun 2026
Finbold
View Source
Bullish
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Micron's stock price surged over 5.5% to surpass $1,000 for the first time, prompting Raymond James analyst Melissa Fairbanks to raise her 12-month price target from $530 to $1,100, citing strong demand from Taiwan and South Korea. Despite this bullish outlook, some investor caution remains after the rapid rally since March, with a modest upside expected from the current price. Meanwhile, consensus estimates still show a potential decline due to slower updates and earlier lower targets, reflecting the stock's sharp recent gains. This highlights a mixed expert sentiment but overall positive momentum for Micron's shares going forward.

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