STOCKS | Micron Shares Slip to Around $975 as Banks Set $1,500–$2,000 Targets

Major banks have set Micron stock price targets ranging from $1,500 to $2,000 after the shares rose above $1,200 in late June and then slipped to around $975 this week. According to NS3.AI, Micron CEO Sanjay Mehrotra said the company has no line of sight for memory supply catching up with demand. The comments suggest Micron expects demand to continue outpacing supply in the memory market, even as the stock has pulled back from its late-June levels.