Micron Stock Rally Gains As New Executives Join Amid Memory Surge

Micron stock rally chatter picked up again this week. Micron Technology shares closed Wednesday at $938.40, up 0.58%, and were changing hands around $967.35 in overnight trading early Thursday, up another 3.09%, after analysts flagged that memory prices could climb more than 50% this quarter. The Micron stock rally story right now comes down to one thing: DRAM prices are moving faster than almost anyone expected, and that is reshaping the Micron stock forecast along with the Micron stock price target that Wall Street keeps raising.

Micron Stock Forecast As Memory Prices And Earnings Drive The Rally

Memory Prices Surge As Supply Stays Tight

Susquehanna put out research on Monday showing DRAM prices could climb past 50% this quarter, and NAND flash could jump as much as 60% too. Gartner also expects semiconductor revenue worldwide to rise 92% to about $1.6 trillion in 2026, with memory prices pushing the memory segment itself toward $837.3 billion, nearly four times what it pulled in last year.

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