By George Glover

Micron Technology stock was on course for a record high on Tuesday, as excitement built about the memory chip maker's looming quarterly earnings.

Shares rose 1.2% to $159.69 ahead of the opening bell. Futures tracking the S&P 500 were 0.2% higher.

There wasn't an obvious driver behind Micron's gains, but it's clear excitement is growing ahead of quarterly earnings next Tuesday. The stock has risen 10 days in a row -- its longest winning streak since December 2019 -- and is up 35% over the period.

Analysts are expecting Micron to report an adjusted profit of $2.53 a share on revenue of $11.12 billion on Sept. 23, according to a FactSet poll. A year ago, it reported an adjusted profit of $1 a share on revenue of $7.75 billion.

Some bulls think the company could top those lofty targets due to surging demand for memory chips, particularly from data centers.

Deutsche Bank analyst Melissa Weathers reiterated her Buy rating and raised her price target on shares to $175 from $155 on Monday, citing tight supply in the DRAM chip market. Weathers' target implies the stock can climb 11% from its level as of Monday's close.

Write to George Glover at george.glover@dowjones.com

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September 16, 2025 07:37 ET (11:37 GMT)

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