Micron Stock Rises Toward Record High. This Is Driving Its 10-Day Winning Run.

Deutsche Bank raised its price target on Micron shares to $175 on Monday. (Courtesy Micron)

Micron Technology stock was on course for a record high on Tuesday, as excitement built about the memory chip maker’s looming quarterly earnings.

Shares rose 0.1% to $157.97 in early trading. The S&P 500 was flat.

There wasn’t an obvious driver behind Micron’s gains, but it’s clear excitement is growing ahead of quarterly earnings next Tuesday. The stock has risen 10 days in a row—its longest winning streak since December 2019—and is up 35% over the period.

Created with Highcharts 9.0.1Micron TechnologySource: FactSet

Created with Highcharts 9.0.1Sept. 2025Sept. 15110115120125130135140145150155160$165

Analysts are expecting Micron to report an adjusted profit of $2.53 a share on revenue of $11.12 billion on Sept. 23, according to a FactSet poll. A year ago, it reported an adjusted profit of $1 a share on revenue of $7.75 billion.

Some bulls think the company could top those lofty targets due to surging demand for memory chips, particularly from data centers.

Deutsche Bank analyst Melissa Weathers reiterated her Buy rating and raised her price target on shares to $175 from $155 on Monday, citing tight supply in the DRAM chip market. Weathers’ target implies the stock can climb 11% from its level as of Monday’s close.

Write to George Glover at george.glover@dowjones.com