Micron Stock Reclaims $1000 As Goldman Raises Target

Micron (MU) stock price has reclaimed the $1000 price level once again. The asset closed 3.92% (38.30 points) higher on Friday, September 18, 2026. MU’s price gained an additional 0.19% (1.95 points) in the after-market hours. MU’s surge comes amid a larger sector-wide resurgence. Let’s discuss what’s pushing Micron’s (MU) price rally and if the stock can hit a new all-time high soon.

Micron Stock Price Rallies Amid Increased Price Targets

Micron (MU) is not the only stock experiencing a price surge. Rival SanDisk (SNDK) has also registered big gains, closing nearly 11% (177.43 points) higher on Friday, September 18, 2026. The pattern suggest that investors may be flocking to memory stocks amid a global shortage. MU and SNDK’s latest rally comes after Intel CEO Lip-Bu Tan said that memory shortage could be worse in 2027. Tan stated that memory production capacity is very limited and that “the situation will get even worse next year.“

Micron’s (MU) rally also comes after increased stock price targets from Wall Street. Wall Street analysts have become increasingly bullish on MU, especially after the AI boom. RBC Capital’s Srini Pajjuri raised MU’s stock price target to $1500, maintaining a “buy” signal. TD Cowen raised their price target for Micron (MU) to $1600, an upside of 57.51% from current price levels. Goldman Sachs, on the hand, maintains a “hold” signal, predicting the asset to hit $1100, an upside of 8.29% from current levels.

Also Read: Micron Stock Could Hit a Fresh Record After September 30 Earnings

Micron (MU) is one of the biggest beneficiaries of the AI boom. The company’s memory chips are an integral part of AI processing chips. The ongoing memory shortage has led to substantial issues for consumer electronics, but has led to massive profit margins for Micron (MU). The company has announced a $250 billion investment plan for the US to ramp up domestic production. The move could lead to even more price rallies for the stock.