Prediction: Micron Stock Will Hit $1,875 by Late 2027

Motley Fool analyst Trevor Jennewine predicts Micron (MU) will reach $1,875 per share after fiscal 2027 results in September 2027, implying roughly 91% upside from the current price of $982. Micron's stock has surged nearly 700% over the past year, fueled by an unprecedented AI-driven memory chip shortage that drove Q3 fiscal 2026 revenue up 345% and non-GAAP net income over 1,200%.

Why it matters: The article acknowledges the memory chip industry's historical boom-and-bust cycle, noting that oversupply in 2023 caused NAND and DRAM prices to plunge ~70%, raising questions about whether the current AI boom can sustain beyond the cycle.