Bank of America Insanely Bullish on Micron. Sees Shares Rising 83% From Here.

Bank of America Insanely Bullish on Micron. Sees Shares Rising 83% From Here. Danielle Liverance Tue, July 21, 2026 at 12:09 PM GMT+2 4 min read MU BAC NVDA Quick Read BofA analyst Vivek Arya raised MU's price target to $1,550, implying 83% upside, after Micron beat EPS estimates by 24% for the eighth straight quarter.

BofA forecasts the HBM market growing to $246 billion by 2030, and Micron has locked in 16 multi-year customer agreements to capture that demand. Micron trades at a forward P/E of 5 despite a 19% monthly decline tied to a broad memory selloff, not company-specific weakness. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Micron Technology didn't make the cut.

Grab the names FREE today . Bank of America says Micron Technology ( NASDAQ:MU ) is going to $1,550, a call that implies roughly 83% upside from the stock's $848. 95 close on July 17, 2026.

Investors should confirm the price intraday, since the memory name has been moving fast in both directions. Canva MU Price Target — 24/7 Wall St. Who Is Making the Call BofA analyst Vivek Arya lifted his price objective to $1,550 from $1,500 and reiterated a Buy rating, citing "another memorable beat.

" Arya has also framed the recent chip pullback as a "summer reset" rather than a fundamental reversal. He is not alone. TD Cowen has also moved to $1,500, and the Street consensus target sits at $1,491.

95, with 31 Buy and 9 Strong Buy ratings against a single Strong Sell. The Numbers Behind the Target Micron's fiscal Q3 2026 report gave the bulls plenty of ammunition. Revenue landed at $41.

46 billion, up 345. 72% year over year from $9. 30 billion.

GAAP net income was $28. 24 billion, up 1,398. 3%.

Non-GAAP gross margin hit 84. 9% (GAAP 84. 6%, up from 37.

7% a year ago), and non-GAAP diluted EPS of $25. 11 topped the $20. 28 consensus by 23.

79%, the eighth straight quarterly beat. Cloud Memory generated $13. 77 billion, with Core Data Center and Mobile and Client each at $11.

52 billion and Automotive and Embedded at $4. 63 billion. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Micron Technology didn't make the cut.

Grab the names FREE today . MU Earnings Explorer — 24/7 Wall St. The Structural AI Thesis BofA argues memory chips, especially high-bandwidth memory (HBM) for AI accelerators, are shifting from a cyclical commodity into a long-term AI theme.

The firm raised its global semiconductor sales forecast to $2. 7 trillion by 2030, up from $2. 3 trillion, and projects the HBM market could reach roughly $246 billion by 2030, up from about $35 billion.

Micron has signed 16 multi-year Strategic Customer Agreements that lock in pricing visibility, including a new supply-and-investment partnership with Anthropic announced in June 2026. Story Continues CEO Sanjay Mehrotra put it plainly: "Micron's record fiscal Q3 financial results and even stronger outlook for Q4 reflect the strategic value of memory in the AI era. " That outlook calls for fiscal Q4 revenue of $50.

0 billion plus or minus $1. 0 billion, non-GAAP EPS of $31. 00 plus or minus $1.

00, and non-GAAP gross margin of approximately 86%. Volatility Is the Price of Admission Micron is up 197. 63% year to date, but it has slipped 13.

31% in the past week and 18. 61% over the past month. Shares spiked to roughly $1,190 in the hour after earnings before sliding back to $848.

95. The reversal tracks a broad memory-sector selloff that also hit Samsung and SK Hynix, not a Micron-specific issue. The Balanced Takeaway BofA's $1,550 call is one analyst's view, not a guarantee.

The fundamentals support a bullish case, and the forward P/E of 5 is unusually low for a name growing this fast. Micron has also shown it can swing sharply in both directions, so this remains a high-conviction, high-volatility bet rather than a settled outcome. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Micron Technology didn't make the cut.

Grab the names FREE today . Contact editorial@247wallst. com for any questions or corrections.