On June 11, Wolfe Research became the latest Wall Street entity to follow Micron (NASDAQ: in) Stocks Stunning rally by issuing a massive 12-month price target upgrade.
Specifically, analyst Chris Caso reaffirmed his previous “buy” rating on MU stock on Thursday, but revised his previous $550 forecast by increasing it by a staggering 127% to $1,250.
The increase was justified by updated forecasts for price increases through late 2026 and all of 2027, as well as forecasts for revenue to grow to $226.5 billion and earnings per share (EPS) to $135 over the next year.
Notably, Micron’s EPS for the 12 months ending February 28, 2026 was $21.18 – representing a 405.49% increase year over year.
Finally, at a more shallow level, MU’s 12-month share price target upgrade was also driven by the shares’ rapid rise between late March and early June.
The previous forecast of $550 indicated a 40% decline, while the updated forecast of $1,250 suggests a 36.37% rise between $916.62 at press time and the final weeks of the first half of 2027.
Wall Street sets Micron stock price target for the next 12 months
Zooming out, Micron stock appears to have a lot of confidence on Wall Street, where its relatively low 12-month average price target — $975 for a 6.42% upside — appears to be a direct result of the meteoric rise since March.
In addition, the mismatch between the consensus figure and actual institutional attitudes towards MU shares is further confirmed by General classification Being a “Strong Buy” and the size of recent forecast revisions.
Since June 1, at least five reviews have appeared Double the price targetswith three notable exceptions.
UPSTimothy Arcuri maintained his already high $1,625 forecast, Bernstein’s Mark Lee stuck to the previous estimate of $510 despite also offering a “buy” recommendation, and James Schneider gave the only recent “hold” rating while raising the forecast from $400 to $900.
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