As Micron Technology, Inc. (Nasdaq: MU) stock rose by over 13% in August, pushing the company’s market capitalization to $1.1 trillion at the time of writing, Mark Li, a Wall Street analyst at Bernstein, expects another rally, over the next 12 months, to reach a new all-time high (ATH). 

Li assigned a ‘Buy’ rating for Micron stock, according to a note sent to clients on August 31, which Finbold analyzed on September 1, 2026. He set the firm’s 12-month price target at $1,300.

With MU price hovering at approximately $937.78 on Tuesday, representing a potential 38.62% uptick. This bullish thesis is anchored on the structural shortage of DRAM (Dynamic Random-Access Memory) and elevated high-bandwidth memory average…