Deutsche Bank analyst Melissa Weathers raised Micron’s price target from $1000 to $1500 on June 17, 2026, maintaining a “BUY” rating. The revision follows a similar move by TD Cowen’s Krish Sankar and precedes Micron’s earnings report on June 24. The stock defied a broader market downturn, closing 2.20% higher and gaining further in after-hours trading.
Deutsche Bank analyst Melissa Weathers increased the price target for Micron (MU) stock from $1000 to $1500 on June 17, 2026. Weathers maintained a “BUY” signal for the stock, a move that followed a similar target revision by TD Cowen’s Krish Sankar earlier in the month.
The stock price target revision comes ahead of the company’s earnings report scheduled for June 24. Data shows Micron closed 2.20% higher on June 17, gaining 22.43 points despite broader market declines.
The stock also saw gains in after-market hours, trading at $1085.06 for a rise of 4.01%. This performance occurred as the S&P 500 and Nasdaq finished lower following Federal Reserve Chair Kevin Warsh’s announcement on interest rates.
Warsh stated that inflation is still above the Federal Reserve’s 2% target and prices are too high. The bullish outlook for Micron aligns with the larger AI boom, with Sankar believing the role of memory chips in AI represents a permanent shift.
The surging demand for AI products has led to significant growth for companies in the sector. Furthermore, SpaceX has big plans for semiconductor spending, which could boost demand for Micron’s memory chips.
Risks include Micron’s entire 2026 high-bandwidth memory production already being sold out under contract. This could lead AI companies to seek supplies from competitors like Samsung and SK Hynix.
There is also a perceived risk of AI stocks being overbought. Some experts compare the current market to the dot com bubble of the late 1990s.
