Micron stock surpasses $1,000 following Goldman Sachs price target upgrade

Micron (MU) stock reclaimed the $1,000 level, closing up 3.92% on September 18, 2026, with further gains in after-market trading. The rally is part of a broader sector surge, with SanDisk (SNDK) also rising nearly 11% amid concerns over a global memory shortage. Intel CEO Lip-Bu Tan warned that the supply situation may worsen in 2027. Wall Street analysts remain bullish, with RBC Capital and TD Cowen raising their price targets to $1,500 and $1,600 respectively, while Goldman Sachs maintains a hold rating with a $1,100 target. Micron continues to benefit from the AI boom and has announced a $250 billion investment to expand domestic production.