TradingKey – On June 24, memory and storage chip giant Micron Technology ( MU) released its third-quarter financial results for fiscal year 2026, completely shattering short sellers’ valuation doubts while boosting its stock price to surge past $1,200, hitting another record high.

In response to Micron’s soaring stock price, Wall Street investment banks have not lowered their target prices but have instead continuously raised them, with Barclays currently being the most aggressive investment bank, bullish up to $2,000. So, can Micron’s stock price really rise to this target price? How will it trend in the second half of the year?