Analysts Boost Micron Targets to $1,200-$1,300 Ahead of June 24 Q3 Call, Citing Strong Demand
MU has more than doubled off its 52-week low of $103.38.
Summary
Analysts have raised price targets for Micron Technology to $1,200 and $1,300, ahead of its fiscal Q3 earnings call scheduled for June 24. These upward revisions are driven by an estimated 20% increase in DRAM and NAND prices this quarter, alongside robust demand from cloud, server, and data center segments. This follows a period of strong positive news for Micron, including its High Bandwidth Memory supply being sold out for 2026 and overall demand outpacing supply for its memory products. The Q3 earnings call will be crucial for traders to assess revenue, AI/data-center demand, and high-bandwidth memory orders.
At the time of this announcement, MU was trading at $1,151.80 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.3T. The 52-week trading range was $103.38 to $1,149.43. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.