Investors are watching Micron’s June 24 results for signs that rapid memory-market growth and sharply higher gross margins can be sustained as AI-driven demand tightens DRAM, HBM and NAND supply.
Wall Street firms including Deutsche Bank, TD Cowen and Cantor Fitzgerald raised Micron Technology price targets to $1,500 as analysts pointed to tightening supply-demand conditions across DRAM, HBM and NAND, driven by AI server demand. Micron closed up 2.2% and gained another 3.31% after hours as investors positioned for the company’s June 24, 2026 earnings report. VistaShares said Micron’s revenue has posted triple-digit growth for several consecutive quarters, and flagged gross margin as the key gauge for whether the memory cycle is sustainable or nearing a peak, with the company’s latest guidance near 81% versus 37% a year earlier.