# Analysts Raise Micron Targets On AI-Driven Demand.

*semiconductor · news · 2026-05-20 · Benzinga*

## Key points

- Melius Research raised Micron's price target to $1,100, citing AI-driven demand and long-term contracts.
- Major Micron capital expenditures exceeding $25 billion are planned for fiscal 2026.
- Significant new supply from Micron's Idaho and Singapore facilities may not impact the market until 2027 or later.
- Micron's estimated EPS for June 2026 is $19.01, a tenfold increase from last year.

**Companies:** Micron Technology, BofA Securities, Citigroup, Mizuho
**Countries:** United States, Singapore

[Read the full story on Benzinga](https://www.benzinga.com/markets/tech/26/05/52688745/what-is-going-on-with-micron-stock-on-wednesday)

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