Micron Gets $2,000 Bull Target Amid AI Memory Boom, But Wall Street Median Is Lower

What happened: Cantor Fitzgerald analyst C.J. Muse raised Micron Technology’s price target to $2,000, citing strategic customer agreements that lock in up to 50% of revenue at high margins and a projected supply squeeze in the high-bandwidth memory (HBM) market. The HBM sector is forecast to triple from $35 billion (2025) to $100 billion by 2028. Micron stock is up 700% in 2026 but remains over 20% below its all-time high. The median Wall Street target is $1,556, reflecting more conservative expectations.

Why it matters: While not a crypto-native story, Micron’s growth is closely tied to AI infrastructure demand, which underpins much of the current Web3 and DePIN narrative. The $2,000 price target represents a bull case rather than consensus, and some projections of a $2 trillion market cap are considered aggressive. Micron’s next earnings on September 30 will be closely watched for confirmation of these bullish forecasts.

Source: Watcher Guru; Yahoo Finance