Micron Technologies stock (NASDAQ: MU) crashed hard on Wednesday, plummeting more than 10.5% in the day’s trading session. MU will open on Thursday’s bell at $1,032, and all eyes will be on the equity, whether it will dip below $1,000 or surge above $1,100 next. The semiconductor giant is among the most-watched assets in the market, with billions of dollars being poured into it every day in 2026.
On the heels of the price dip, Jim Au, the DBS Group stock market analyst issued a buy rating for Micron stock. The analyst predicted that MU might not fall below the $990 level, but could kick-start a short-term rally in the coming weeks. Taking an entry position even above the $1,000 range could be beneficial to traders. The equity is receiving an influx of buying sentiment, attracting funds from both retail and institutional investors.
Also Read: Micron Stock Jumps as Analysts Raise Targets Despite Legal Risks
Micron Stock: What is DBS Price Target For MU?
The DBS group analyst Jim Au wrote in a note to clients that Micron stock’s price target is $1,200. This is a conservative price prediction compared to other Wall Street financial strategists. Several of them have projected that MU could breach the $2,000 wall delivering phenomenal gains to traders. While DBS is conservative on Micron stock, the rest are very liberal and hyper bullish on its prospects.
If DBS’s price target of Micron stock reaching $1,200 turns out to be accurate, investors can earn a profit of approximately 16%. Therefore, an investment of $1,000 could turn into $1,160 if the price prediction reaches the target. This is a decent amount of gains, as not every asset delivers double-digit returns this year. MU is in the spotlight as the AI industry is growing by leaps and bounds. The firm plays an important role in building the next-gen technology, and investors want to be a part of it.