Micron Stock’s 2030 Outlook: AI Demand Fuels Bullish Forecast

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2026-05-14 21:14:01

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Micron Technology (NASDAQ: MU) is capturing investor attention as analysts project a 2030 price range of $1,062.20 to $1,760.43, with an average target of $1,544.31. A $500 investment today could grow to $957 at the midpoint, or $1,093 at the peak. The bullish case hinges on Micron's dominance in AI memory markets, with Q2 FY2026 revenue surging 196% year-over-year to $23.86 billion.

CEO Sanjay Mehrotra confirms production capacity is sold out through 2026, with customers securing multi-year contracts. The company currently meets just 50-67% of key customer demand, signaling prolonged market tightness. Memory cycle risks remain, but institutional demand for HBM production appears insatiable.

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