There have been many artificial intelligence (AI) stock winners over the past few years, but Micron Technology (MU 11.83%) stands out even among some of the biggest winners. Its share price is up an impressive 861% over the past year alone, a nearly unfathomable return.

What’s even more shocking is that many analysts think Micron stock has more room to run, with three of them recently setting price targets of $1,500 for the stock — a 74% increase from its current price as of this writing.

Here’s why they’re optimistic and what investors should know about Micron’s cyclical memory business.

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Here’s why analysts are bullish on Micron

Analysts at Deutsche Bank, TD Cowen, and Cantor Fitzgerald all recently…