Micron to Hit $3,000? That's How High One Analyst Thinks the Stock Could Go

Analyst Gil Luria from D.A. Davidson set an ambitious $3,000 price target for Micron Technology, implying over 200% upside from current levels. The bullish outlook is based on expectations that memory shortages will persist and investors will pay higher earnings multiples. With 42 of 46 analysts rating the stock as a buy and a consensus target of $1,400, Micron trades at a low forward P/E of 7, though volatility remains a concern if market sentiment shifts.