Micron Technology (MU) shares climbed nearly 7% during pre-market trading. This movement occurred on July 21, 2026. Bank of America added the company to its US 1 List.
Analysts set a new price target of $1,550 for the stock. Morgan Stanley forecasts a 25% rise in memory prices. This increase is expected during the third quarter due to data center shortages.
KeyBanc reiterated its Overweight rating amid a broader semiconductor sector recovery. Micron confirmed its high-bandwidth memory supply is sold out for 2026. The company stated that 2027 production is also fully committed.