Micron shares draw bullish $2,000 call as AI memory pricing lifts MU outlook

Micron Technology Inc. (MU) could reach $2,000 within a year, The Motley Fool said, citing surging AI-driven memory demand and tight supply. The stock has gained 143% year to date through May 13, 2026, as investors price in stronger DRAM and high-bandwidth memory demand. The report cited Tom’s Hardware estimates that DRAM contract prices may rise 58% to 63% this quarter, while Gartner forecasts average DRAM prices could increase 125% for the full year. Counterpoint Research estimates custom AI processor demand for HBM will rise 35-fold from 2024 to 2028. Samsung and SK Hynix expect memory shortages to last at least through the end of 2027. Micron’s adjusted earnings per share rose 7.8 times year over year in fiscal second quarter 2026, ended February 26, 2026. Analysts estimate EPS of $58.11 for fiscal 2026 and $101.78 for fiscal 2027. At 22 times projected fiscal 2027 earnings, the report said Micron could trade near $2,239.