Micron Technology earnings preview and analyst upgrade boost memory outlook

Micron Technology is set to release its quarterly results on June 24, a report that investors view as a test of the memory market’s recent surge. Analyst firm Rosenblatt has doubled its price target to $1,200 and kept a "buy" rating, citing rising average selling prices for DRAM and NAND flash, persistent AI‑driven demand from data‑center and server markets, and an ongoing supply shortage that keeps pricing high. New wafer capacity is not expected for about a year, further supporting price levels.

The stock responded sharply, jumping roughly 8.7% to $1,134 on June 18 and climbing higher in after‑hours trade. The upcoming earnings will indicate whether Micron can translate strong demand into sustained revenue growth and whether the supply constraints can be alleviated in the coming quarters.