Seeking Alpha analysts projected a $1,500 price target for Micron on May 7, 2026. The report cites structural AI demand and leadership in HBM4 and SOCAMM2 memory. Micron has already fully committed its 2026 HBM capacity. The company serves as a primary supplier for the Nvidia Vera Rubin platform.
Micron shares fell over 3% on May 7 despite the bullish forecast. Regulatory filings revealed recent share sales by the CEO and other executives. Market analysts attributed the decline to profit-taking following a significant rally. Some experts warn the stock is currently in overbought territory.