Micron Technology (NASDAQ: MU) opened Thursday’s trading session at $1,048, after sliding from its 52-week high of $1,213. It hit an all-time high on Monday, recording a rise of more than 200% year-to-date. Investors who took an entry position in MU last year have already tripled their money. Traders saw remarkable profit in a short period, making it the favorite asset in the broader US stock market. Both retail traders and institutional funds have been making a beeline to buy the equity this year.
Independent financial investment firm Melius Research wrote in a note to clients that Micron stock has further upside steam and could still double investors’ money, even after rising more than 200% in a year. Ben Reitzes, the analyst at Melius Research, wrote in the note circulated to clients on Thursday (June 25, 2026), advanced DRAM has transitioned Micron into a secular growth stock. He based his forecast on the company locking in its high-bandwidth memory (HBM) capacity through 2027 and into 2028.
Also Read: Micron Stock Surges In After Hours Post Stellar Earnings Report
Micron Stock Price Prediction: Here’s Melius Research’s Bullish MU Target
Analyst Ben Reitzes has predicted that Micron stock could reach a new high of $2,200. This is among the most bullish price predictions for MU, which is more than 100% from its current price. The analyst’s price target of $2,200 for MU indicates that the leading semiconductor giant could surge by 110% next. Therefore, investors could still double their wealth by taking an entry position in the most talked-about asset.
An investment of $1,000 could turn into $2,100 if the price prediction from Melius Research turns out to be accurate. A handful of Wall Street analysts have been bullish on MU, giving the equity a buy and strong buy rating. Taking an entry position now and holding on to Micron stock for the next 5 to 10 years could be beneficial for traders.