Micron Stock Has Surged Over 800% In The Past 12 Months And This Analyst Has A Bullish Prediction: 'Will Likely Exit 2028 At...'

Futurum Equities Chief Market Strategist Shay Boloor expects Micron Technology Inc. (NASDAQ: MU ) to end the decade operating at a revenue run rate exceeding $300 billion.

Micron Could Exit 2028 At $300 Billion-Plus Annualized RRR When another X user asked Boloor about Micron Technology’s long-term prospects, the strategist offered an equally bullish forecast. “MU will likely exit 2028 at a $300B+ annualized revenue run rate,” he responded. $MU will likely exit 2028 at a $300B+ annualized revenue run rate. — Shay Boloor (@StockSavvyShay) June 28, 2026 An annualized revenue run rate reflects the pace at which a company is generating revenue at a given point in time, rather than its total reported revenue for the full year.

Read Also: Micron Just Gave AI Investors Exactly What They Wanted Micron Beats Earnings, Issues Strong Q4 Guidance Last week, Micron posted third-quarter revenue of $41.46 billion, topping analysts’ expectations of $35.59 billion, while adjusted earnings came in at $25.11 per share, above the consensus estimate of $20.63 per share.

The company forecast fourth-quarter revenue of $50 billion, plus or minus $1 billion, well above analysts’ expectations of $42.95 billion.

Micron also projected adjusted earnings of $31 per share, plus or minus $1, compared with Wall Street estimates of $25.50 per share.

Micron Price Targets Signal Strong Upside According to Pro, Micron has a consensus price target of $1,293.57 based on ratings from 29 analysts.

The latest price targets from Cantor Fitzgerald, Barclays and Citigroup average $1,633.33, implying roughly 40.9% upside from current levels.

Analysts have given a consensus Buy rating.

Price Action: Micron shares fell 6.7% to close at $1,132.33 on Friday but rebounded 1.8% to $1,152.31 in Monday’s premarket trading.

Year-to-date, the shares are up by 258.99%, while in the past 12 months, the shares have gained 818.73%, according to Pro.

According to Edge Rankings, Micron ranks in the 99th percentile for Momentum, with the stock delivering positive returns over the short, medium and long term.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published editors.

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