Micron Technology (MU) Price Target Lifted by $675 at RBC Capital. Here is Why

With a net profit margin of 41.49%, Micron Technology, Inc. (NASDAQ:MU) is included among the 12 Most Profitable American Stocks to Buy in 2026.

Micron Technology, Inc. (NASDAQ:MU) is one of the largest semiconductor companies in the world, specializing in memory and storage chips.

On June 15, RBC Capital analyst Srini Pajjuri lifted the firm’s price recommendation on Micron Technology, Inc. (NASDAQ:MU) from $525 to $1,200, while keeping an ‘Outperform’ rating on the shares. The revised target represents an upside of over 17% from the current price level.

RBC raised its forecasts to reflect the stronger expectations for both pricing and volume. According to the firm, the current DRAM upcycle, which has already lasted 12 quarters, still has steam and could run for another 5-6 quarters. The positive sentiment is driven by the sustained capital spending, the strong demand driven by GenAI, and the growing adoption of inference and agentic AI applications, which support the long-term uptrend in memory demand.

Similarly, earlier on June 11, Wolfe Research also boosted its price target on Micron Technology, Inc. (NASDAQ:MU) from $550 to $1,250 and maintained its ‘Outperform’ rating (read more details here).

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