Institutional Investors Raise Micron's Price Target, Next Week's Earnings Report in the Spotlight
BlockBeats News, June 18th, Micron Technology once again became the focus of AI hardware transactions. Several Wall Street institutions have recently raised the target price of the storage chip manufacturer, citing the increasing demand for AI servers driving up the supply-demand tension of DRAM, HBM, and NAND.
Deutsche Bank analyst Melissa Weathers raised Micron's target price from $1000 to $1500, implying a further upside of about 47% from the previous closing price. FactSet data shows that TD Cowen and Cantor Fitzgerald have also recently set a $1500 target price.
Micron's stock price has already risen significantly this year, with the stock up about 266% since 2026 and a surge of over 750% in the past 12 months. The market's core belief is that AI data centers not only need GPUs but also require more high-bandwidth storage, enterprise SSDs, and regular DRAM to support training, inference, and AI agent workloads.
TD Cowen goes further to believe that agentic AI will increase the memory content required per unit of AI computing power and extend the period of strong pricing. RBC also believes that this round of the DRAM uptrend cycle may last several quarters.
MarketWatch believes that Micron and Sandisk's technical indicators are in extremely overbought territory. Investors will be focusing on Micron's earnings next week (after the bell on Wednesday, June 24, 2026), particularly on shipments, prices, gross margins, and 2026 capacity guidance. If the company fails to provide strong enough supply-demand evidence, the high expectations for storage stocks may face a concentrated test.
At the time of writing, Micron closed up 2.2% and rose 3.31% after hours.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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