Analysts tracking the semiconductor cycle indicate Micron stock forecast is benefiting from reduced supply-side competition after recent fab capacity cuts. Have a read of the narrative in full and understand what's behind the forecasts. Technically, Micron has been trapped in a trading range dating back to the DotCom peak and only recently broke out. That move implies a rally equal to the range’s magnitude, which is approximately $96. Adding $96 to the DotCom high gives a target of roughly $190. Several brokerage houses have upgraded their Micron stock forecast price targets to $110–$115, reflecting confidence in long-term semiconductor growth embedded in AI-enabled infrastructure investments.
