Shares of semiconductor giant Micron Technology (NASDAQ: MU) have made investors a fortune this year, and now a major brokerage says the run is far from over. The stock opened Thursday's session at $1,048, easing back from its 52-week high of $1,213. It touched an all-time high on Monday and has now climbed more than 200% year-to-date.
Anyone who bought into MU last year has already tripled their money. The size of those gains in such a short span has turned the stock into the favorite name across the broader US market. That is why both retail traders and big institutional funds have been rushing to grab the equity throughout the year.
Melius Research's Bullish Call on MU
Independent investment advisory firm Melius Research told clients in a note that even after a gain of more than 200% in a year, Micron's stock still has plenty of upside left and could double investors' money from here. Ben Reitzes, the analyst at Melius Research, wrote in the note circulated to clients on Thursday (June 25, 2026) that advanced DRAM has turned Micron into a secular growth stock. He built his forecast around the company locking in its high-bandwidth memory (HBM) capacity through 2027 and into 2028.
A $2,200 Target, or a 110% Jump
Reitzes expects Micron shares to reach a fresh high of $2,200. That ranks among the most bullish calls on MU, sitting more than 100% above the current price. The $2,200 target implies the leading chipmaker could surge another 110% from here. In other words, even investors who step in now into one of the most talked-about stocks could still double their wealth.
If the Melius Research forecast plays out, a $1,000 investment could grow into $2,100. A number of Wall Street analysts are already bullish on MU, slapping the stock with buy and strong buy ratings. Stepping in now and holding Micron for the next 5 to 10 years could pay off for traders.
