5-star analyst delivers stunning Micron stock price target

Micron Technology (MU) banal has been connected occurrence implicit the past respective months arsenic Wall Street continues leaning deeper into the AI trade.

Now, 1 of the market’s top-ranked spot analysts sees the banal going adjacent higher.

TD Cowen expert Krish Sankar kept a Buy standing connected Micron and bumped his terms people to $660 from $550.

That’s a monolithic 20% boost, coming astatine a constituent erstwhile investors rethink however invaluable representation chips could beryllium successful the AI era.

For perspective, TD Cowen’s elder spot banal expert and managing director, Krish Sankar, isn’t conscionable different random bullish dependable connected Micron.

The 5-star expert ranks among Wall Street’s elite, sitting astatine No. 18 retired of much than 12,000 Wall Street analysts, with a 69% occurrence complaint and a stunning 52.1% mean return.

Micron’s communicative has evolved quickly.

For years, representation was mostly treated arsenic a brutal boom-and-bust business, wherever the precocious points were followed rapidly by achy downturns.

However, Micron banal has gained immensely of precocious connected the backmost of the relentless AI-driven demand, with CEO Sanjay Mehrotra arguing that the company’s “memory and retention solutions are astatine the bosom of this AI revolution.”

He said successful the Q2 2026 net telephone that,

“AI hasn’t conscionable accrued request for memory, it has fundamentally recast representation arsenic a defining strategical plus successful the AI era.”

Sankar’s latest telephone underscores the anticipation that this rhythm mightiness crook retired differently.

Micron Technology banal returns vs the S&P 500

• Over the past week, Micron Technology gained 12.46%, portion the S&P 500 roseate 0.42%.

• For the past month, Micron Technology climbed 41.17%, compared with a 12.09% summation for the S&P 500.

• Across the past six months, Micron Technology surged 129.12%, portion the S&P 500 added 3.83%.

• Year to date, Micron Technology precocious 76.69%, topping the S&P 500’s 4.28% return.

• Over the past year, Micron Technology soared 532.10%, compared with the S&P 500’s 29.20% gain.

• For the past 3 years, Micron Technology jumped 714.68%, portion the S&P 500 roseate 72.63%.
  Source: Seeking Alpha.

TD Cowen sees durability successful Micron’s rally

Sankar’s telephone is little astir Micron’s adjacent net bushed and much astir the durability of the existent representation cycle.

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He writes that the “next limb for the banal is much astir durability than net upside,”.

That durability is linked to semipermanent proviso agreements.

His checks amusement that immoderate representation agreements travel with tremendous gross borderline protection, with 60% astatine the level and the high-80% scope astatine the ceiling.