Institutions collectively raise Micron's target price, with next week's earnings report becoming the market's focus.

BlockBeats News, June 18 — Micron Technology (Micron) once again becomes the focus of AI hardware trading. Several Wall Street institutions recently raised their target prices for the memory chip manufacturer, citing rising demand for AI servers driving tight supply and demand for DRAM, HBM, and NAND.

Deutsche Bank analyst Melissa Weathers raised Micron's target price from $1,000 to $1,500, implying about 47% upside from the previous closing price. FactSet data shows that TD Cowen and Cantor Fitzgerald also recently set a target price of $1,500.

Micron's stock price has surged significantly this year, up approximately 266% since 2026, with a gain of over 750% in the past 12 months. The market's core expectation 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's view goes further, believing that agentic AI will increase the amount of memory content required per unit of AI compute power and extend the strong price cycle. RBC also believes that this DRAM upcycle could last several quarters.

MarketWatch believes that Micron and Sandisk's technical indicators are already in extremely overbought territory. Investors will next focus on Micron's earnings report next week (after the US stock market closes on Wednesday, June 24, 2026), especially on shipments, prices, gross margins, and 2026 capacity guidance. If the company cannot provide sufficient supply and demand evidence, the high expectations for storage stocks may face a concentrated test.

As of press time, Micron closed up 2.2%, after-hours up 3.31%.