Micron MU stock price forecast: $400 targets collide with a $100 billion New York megafab plan
Micron shares fell about 1% to $339.90 Wednesday after hitting $346.24 earlier. The company said it will break ground Jan. 16 on a $100 billion chip megafab in New York. UBS and Piper Sandler raised their price targets to $400, citing tight memory supply. The stock’s pullback followed a surge on AI optimism and record highs for memory peers.