On June 17, Micron Technology rose 3.07% in regular trading, trading at $1,047.23/share, with turnover of $16.615 billion. The stock continued its upward momentum as Wall Street firms issued a fresh wave of target price upgrades.

Citigroup raised its target price on Micron from $840 to $1,200 while maintaining a buy rating, joining a series of bullish calls from major institutions. TD Cowen lifted its target from $660 to $1,500, and RBC Capital Markets raised from $525 to $1,200, citing a memory-chip upcycle with five to six quarters of runway remaining. RBC noted DRAM prices are on track to climb 50% year-over-year in Q2, while NAND prices are set to surge over 70%, with double-digit gains expected through the year. Hyperscaler capital spending remains strong, and the shift toward inferencing and agentic AI is increasing memory requirements per system.

Micron is scheduled to report fiscal Q3 earnings on June 24, with analysts expecting EPS of $19.63 and revenue of $34.43 billion, as the broader storage sector rallied in tandem.

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