Micron's Market Cap Surges Over $1 Trillion, Analysts Target $1,750 Ahead of Earnings

According to Susquehanna analyst Mehdi Hosseini, Micron's market cap increased by more than $1 trillion on Monday ahead of the company's third-quarter earnings report due after market close Wednesday (June 24). The company's valuation climbed from approximately $321 billion at end of 2025 to roughly $1.37 trillion as of Monday's close.

Morgan Stanley analyst Joseph Moore upgraded his earnings estimates on Monday, projecting DRAM and NAND memory prices will each rise approximately 20% this quarter versus the prior quarter. Hosseini set a $1,750 price target on Micron shares, up 45% from Monday's $1,211 close, predicting operating margins could sustain 70-75% near-term, though potentially declining to 60% by end of 2028 depending on KV Cache technology adoption and new wafer capacity expansion timing.