Micron stock is widely expected to explode after the company reports its fiscal third-quarter earnings on June 24, and at the time of writing, the data backing that expectation is pretty hard to ignore. Revenue has nearly tripled over just two quarters, the Micron stock forecast from Wall Street is about as bullish as it gets right now, and AI memory demand is absorbing essentially all the chips Micron can produce. Analysts are projecting roughly 263% year-over-year revenue growth when Micron earnings June 24 hits, and the Micron price target consensus still sits well above current trading levels.

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Will Micron Stock Keep Going Up After Earnings and New Price Target

Revenue Is Surging And Expectations Are Even Higher

Micron Technology (NASDAQ: MU) generated $13.6 billion in revenue two quarters ago, and then $23.9 billion last quarter. For the quarter reporting on June 24, the company guided for $33.5 billion, and Wall Street analysts also expect the company to beat that, with consensus at $33.8 billion. That would represent 263% year-over-year growth. If Q4 guidance also comes in above the expected $39.6 billion, will Micron stock explode further?

Over just the past month, Micron stock surged nearly 100% and crossed the $1 trillion market cap threshold. the valuation does not look stretched given the earnings growth trajectory right now, and several Wall Street analysts have already upgraded their Micron price target ahead of the report.

Analyst Consensus And The Micron Price Target

Of the 45 analysts tracked by S&P Global Market Intelligence, 30 issued Buy ratings and 9 rated the stock Outperform. Only one analyst has a Sell. The average Micron price target sits at $739.48, with a high-end target reaching $1,750, a 62% premium to current levels. On a forward earnings basis, Micron trades at under 16x, cheap compared to the S&P 500’s 21.8x. On fiscal year 2027 estimates, that multiple drops below 9x, which makes the Micron stock forecast look even more attractive to long-term holders.

AI Demand Is The Engine Driving Micron Stock

Micron’s HBM production is fully sold out through 2026 under binding contracts, and AI data center buildouts look set to keep memory supply tight well beyond this year. Some industry projections run through 2030. That matters a lot for a stock that has historically traded at a discount because memory demand tends to be cyclical. If this AI cycle turns out to be structural, the Micron stock forecast changes significantly, and will Micron stock keep going up becomes less of a question and more of a reasonable expectation.

Also Read: Analyst Who Called Micron Stock Surge Has New Price Message

The answer to will Micron stock explode after Micron earnings June 24 really comes down to two numbers: does the company beat the $33.8 billion revenue consensus, and does Q4 guidance come in north of $39.6 billion? If both happen, the Micron price target upgrades filing across Wall Street right now suggest the Micron stock forecast for the rest of 2026 is one of the stronger setups in the semiconductor space.