Micron Technology Inc stock (NASDAQ: MU) slipped south on Tuesday, falling nearly 29 points after shedding 3.61% in value. It is now trading at $766 and would open on Wednesday’s bell, being on the back foot. High-bandwidth memory firms remain under pressure this month due to major sell-offs and profit bookings. Its competitor, SanDisk stock (NASDAQ: SNDK), fell close to 95 points, erasing 6.17% of its value.
However, on the heels of the recent decline, technical analyst TradingShot argued in a TradingView analysis on May 11 that Micron stock’s dip is temporary and MU has a long way to go in the indices. He projected that Micron stock could reach $3,000 next and explained that there’s a path to get there in the next few years. Therefore, an investment in MU now could deliver nearly 4x gains if the price prediction turns out to be accurate.
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Micron Stock To $3,000: Analyst Explains the Path
The leading financial analyst explained that Micron stock is currently entering a temporary “pause phase.” This phase would act as a price consolidation period before it enters a major breakout in value. He stressed that the rally could be in 2027, where he projected MU to reach the $3,000 milestone. If his price prediction turns out to be accurate, that would be an increase of 300% from its current price of $766. Therefore, an investment of $1,000 could turn into $4,000 by the end of 2027, according to the analyst.
“Micron Technology (MU) has been on a relentless 1-year mega-rally since the April 2025 Low on the 1M MA100 (green trend-line), which technically was a Higher Low on the multi-year Channel Up and series of rallies-corrections since the November 2008 bottom of the U.S. Housing Crisis,” wrote the analyst. This is among the most bullish price predictions for Micron stock, with a 300% surge estimate.