Micron Technology's target price rises to an average of $1008 in May

According to publicly available analyst research reports, Micron Technology's stock price received target price increases from multiple international investment banks in May. UBS, Melius and other institutions have a target price of $1100, while Bank of America, Deutsche Bank and others offer a range of $950 to $1000. The average target price for May is $1008 per share. This round of adjustment has significantly increased compared to the analyst target price range of $400 to $700 in early April, reflecting market expectations for AI storage demand and HBM high bandwidth memory business growth.