MU stock surges past $1,000 after Raymond James raises price target

Micron Technology stock surged past $1,000 per share earlier today after Raymond James raised its price target from $530 to $1,100, more than doubling its prior outlook on the memory chipmaker’s AI-driven growth prospects.

Analyst Backdrop for the Move

The price target lift reflects soaring demand for memory chips used in artificial intelligence applications. MU stock price momentum has intensified as data center builders and AI chipmakers race to acquire memory and storage capacity. Raymond James’ decision to more than double its estimate signals renewed confidence in Micron’s ability to command premium pricing in a supply-constrained environment, where customers are locking in long-term capacity agreements.

The upgrade comes ahead of Micron’s fiscal 2026 earnings report scheduled for June 24, when the company is expected to provide guidance that could signal the strength of AI-driven demand through the year.

Market Impact and Stock Momentum

Micron has delivered exceptional returns for shareholders this year. The chipmaker’s stock climbed steadily on growing recognition that artificial intelligence infrastructure requires vast quantities of high-bandwidth memory (HBM) and NAND flash storage. Multiple analysts have issued bullish price targets in recent months, with UBS tripling its target to $1,625 per share and D.A. Davidson issuing a $1,000 target on April 28, underscoring broad-based optimism about the company’s competitive position and pricing power in an AI-intensive computing landscape.

Sources

• Yahoo Finance — Raymond James price target raise to $1,100, Outperform rating maintained
• Motley Fool — Micron stock hitting all-time high after analyst upgrade
• GuruFocus — Price target raised to $1,100 by Raymond James
• CNBC — Micron reached $1 trillion market capitalization on May 26