Wall Street analyst issues new bullish Micron stock price target

Micron Technology (NASDAQ: MU ) stock has received a bullish call from Wall Street as the equity continues to target the $1,000 mark, driven by its position in the artificial intelligence (AI) memory market. The latest assessment from Wedbush analyst Matt Bryson focuses on Micron’s approach to memory manufacturing, which could help the company maintain a competitive edge as demand for advanced memory products grows. Bryson reiterated an ‘Outperform’ rating and a $1,400 price target for Micron. The target implies approximately 59.5% upside from Micron’s October 23 closing price of $877.55. The stock gained 2.46% during the session. Bryson’s assessment highlights Micron’s decision to pursue three-dimensional dynamic random-access memory (3D DRAM) rather than follow rivals developing 4F² memory architecture.

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