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Micron shares soar 843% in a year but face 35% downside risk, with mixed outlook on AI memory demand.

Analyst Insights
16 Jun 2026
24/7 Wall Street
View Source
Neutral
pluang ai news

Micron Technology's stock surged 843% over the past year, driven by strong earnings and AI-related memory demand, hitting $1,087.99 per share. Despite this, 24/7 Wall St. projects a 35.51% price drop to $701.69 within 12 months, citing concerns over memory market cyclicality and potential supply catch-up. Bullish analysts see upside to $1,500+ if AI-driven memory shortages persist, while risks include rising capital expenditure and possible demand slowdowns. The outlook depends heavily on AI memory market dynamics and Micron's ability to sustain high earnings growth.

More News (MU)

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