Micron Applied sciences inventory (NASDAQ: MU) crashed laborious on Wednesday, plummeting greater than 10.5% within the day’s buying and selling session. MU will open on Thursday’s bell at $1,032, and all eyes will probably be on the fairness, whether or not it can dip beneath $1,000 or surge above $1,100 subsequent. The semiconductor large is among the many most-watched property available in the market, with billions of {dollars} being poured into it on daily basis in 2026.
On the heels of the worth dip, Jim Au, the DBS Group inventory market analyst issued a purchase score for Micron inventory. The analyst predicted that MU won’t fall beneath the $990 stage, however may kick-start a short-term rally within the coming weeks. Taking an entry place even above the $1,000 vary may very well be helpful to merchants. The fairness is receiving an inflow of shopping for sentiment, attracting funds from each retail and institutional buyers.
Micron Inventory: What’s DBS Worth Goal For MU?
The DBS group analyst Jim Au wrote in a notice to purchasers that Micron inventory’s value goal is $1,200. This can be a conservative value prediction in comparison with different Wall Road monetary strategists. A number of of them have projected that MU may breach the $2,000 wall delivering phenomenal good points to merchants. Whereas DBS is conservative on Micron inventory, the remaining are very liberal and hyper bullish on its prospects.
If DBS’s value goal of Micron inventory reaching $1,200 seems to be correct, buyers can earn a revenue of roughly 16%. Due to this fact, an funding of $1,000 may flip into $1,160 if the worth prediction reaches the goal. This can be a respectable quantity of good points, as not each asset delivers double-digit returns this 12 months. MU is within the highlight because the AI business is rising by leaps and bounds. The agency performs an necessary position in constructing the next-gen expertise, and buyers wish to be part of it.
