Wall Street analysts are speculating on when Micron shares will hit a new high of $2000.

Speculation about Micron shares reaching an all-time high has intensified over the past week, even though their price is still about 20% below its June level.

Wall Street analysts are keeping an eye on the company's third-quarter financial results, scheduled for release on September 30, and some believe this report could push Micron's stock price back to its all-time high. Micron's 2027 price target of $2000 now appears realistic for the next year.

On June 25, 2026, Micron shares closed at $1213,37. Since then, their price has fallen more than 20% to $980, giving the company a market capitalization of approximately $1,1 trillion. Closing this gap is essentially the first step before a new all-time high for Micron shares ceases to be a prediction and becomes a reality.

Source: Yahoo Finance

Analyst Keiten Drewry clearly stated the figure that Micron's share price could reach:

I predict Micron stock will reach $1875 per share.

The overall sentiment on Wall Street is optimistic: none of the 56 analysts recommend selling Micron shares, and the median price target is approximately $1600, roughly 86% above the price at the time of writing. Cantor Fitzgerald's CJ Muse raised his price target to $2000, citing Micron's recently signed multi-year supply agreements.

Last quarter, the company's revenue grew 346% year-over-year to $41,5 billion, with operating margins approaching 80%. If Micron continues to raise prices while simultaneously expanding capacity, annual revenue could reach $250 billion in 2027, resulting in approximately $200 billion in operating profit.

An 11-fold increase in this figure results in a market capitalization exceeding $2 trillion, which, in essence, is the starting point for Micron's target price for 2027. The company itself expects the market for its high-speed memory chips to grow from $35 billion in 2025 to $100 billion by 2028.

It's now clear that the memory shortage will persist until 2027, so Micron will continue to dictate prices. From there, the path leads to levels currently predicted for a 2027 all-time high.