Wall Street Raises Micron's Target Price to $1,500, Earnings Report on June 24 Under Close Watch

According to BlockBeats, on June 18, multiple Wall Street firms raised Micron Technology's target price to $1,500. Deutsche Bank analyst Melissa Weathers lifted the target from $1,000 to $1,500, implying roughly 47% upside from the prior close; TD Cowen and Cantor Fitzgerald also assigned $1,500 targets. The upgrades reflect strong AI data center demand for DRAM, HBM, and NAND storage.

Investors are now focused on Micron's earnings report scheduled for June 24 (post-market), particularly shipment volumes, pricing trends, gross margins, and 2026 capacity guidance. MarketWatch notes the stock's technical indicators are in overbought territory, and the market will scrutinize whether the company provides sufficient supply-demand evidence to sustain current elevated expectations.