After a 90% surge, Wall Street still collectively bullish on Micron Technology, Inc. (MU.US)! Target price doubled by two major institutions.

Although Micron Technology, Inc. (MU.US) achieved an amazing 90% increase in May 2026, Wall Street continues to raise its target price, reflecting the market's continued bullish sentiment towards the stock. Micron Technology, Inc. also ranks on our list of best performing stocks in May. Recently, on June 3rd, Morgan Stanley raised Micron Technology, Inc.'s target price from $520 to $1050 while maintaining a "buy" rating on the stock. Prior to that, on May 29th, Susquehanna also raised the stock's target price from $600 to $1750 and maintained a "buy" rating. Morgan Stanley points out that their investment logic for memory stocks is very clear: the ongoing memory shortage issue cannot be quickly resolved. The bank expects the tight supply situation to continue for two to three years or even longer, creating a favorable market environment for memory manufacturers like Micron. Despite the strong performance of memory stocks in 2025 and 2026, Morgan Stanley believes there is still room for this round of increase. Similarly, Susquehanna's investment logic is based on the continuously strengthening average selling price and the market's confidence in the sustainability of high profit margins (rather than being a short-term phenomenon). The bank points out that Micron's core growth drivers come from changes in the memory and storage industry landscape: the iteration of KV cache unload technology is restraining manufacturers' willingness to aggressively expand wafer production capacity. Susquehanna believes this will continue to maintain supply tightness and expects this situation to continue through 2027. In recent days, with Broadcom Inc.'s latest disclosure that AI semiconductor performance growth prospects are lower than Wall Street expectations, there are signs of a cooling trend in the AI computing industry investment frenzy. Last Thursday, popular AI-related tech stocks saw a pullback, coupled with rumors of NVIDIA Corporation "downsizing" HBM. Micron Technology, Inc. fell for two consecutive days, accumulating over 20%. However, Huang Renxun refuted the rumor that NVIDIA Corporation would reduce the use of High Bandwidth Memory (HBM) within systems due to supply constraints during his visit to South Korea, stating clearly that the company will use "a large amount of high-speed memory". This news may correct market expectations and benefit the three major storage manufacturers.