Wall Street Sees Micron Jump 86% to $1,600 by Mid-2027 as Chip Shortage Lifts Prices
Updated
Updated · The Motley Fool · Aug 12
Wall Street Sees Micron Jump 86% to $1,600 by Mid-2027 as Chip Shortage Lifts Prices
3 articles · Updated · The Motley Fool · Aug 12
Summary
56 analysts covering Micron put the median price target at $1,600 a share—about 86% above current levels—with no sell ratings and only four holds.
DRAM and NAND shortages are the main driver: new capacity is not expected to add meaningful supply until next year, keeping memory prices elevated through the near term.
Keybanc expects DRAM prices to rise 15% to 20% sequentially this quarter and another 15% in the fourth, while NAND could climb 30% to 40% and then 15%; one bullish target reaches $2,000.
Micron also said long-term customer agreements could eventually cover about 40% of revenue, supporting the view that this earnings cycle may last longer than past upswings.
The outlook still carries wide uncertainty—the analyst range runs from $361 to $2,200—and the report warns margins could retreat sharply once new supply arrives or AI demand falls short.