With the closing bell on June 24 and Quarterly filing That came with it, Micron (NASDAQ: in) was effectively completely erased stock market The loss results from a 13% decline on Monday.
In fact, in the extended session leading up to Thursday’s session, MU shares rose 18.02% from their last closing price of $1,047.92 to $1,236.71 at press time.
The rally was driven by the earnings report covering the fiscal third quarter (Q3), which featured a double-digit beat of analyst estimates and a quadrupling of revenues compared to the same period a year earlier.
Specifically, Micron reported earnings per share (EPS) of $25.11, when expected at $20.78, and revenue of $41.46 billion, well above consensus expectations of $35.84 and $9.3 billion 12 months ago.
Micron stock rises 292% in 2026
Looking at MU’s stock market performance, the extended session rally not only erased losses from earlier in the week, but also sent shares above their previous 52-week high of $1,213.56.
Overall, Micron shares are up 232.23% year-to-date and were up 723.51% in the past year at Wednesday’s closing bell price of $1,047.92. Once the rise before the market open on Thursday, June 25 is factored in, the rises rise to 292.08% and 871.87% respectively.
Wall Street sets Micron’s stock price for the next 12 months
Elsewhere, Wall Street analysts also reacted positively to earnings. In the hours following earnings, Micron received more than a dozen rating revisions, with each one including a “buy” recommendation, according to Data Retrieved from Finebold TipRanks.
A new 12-month high price target was set by Melius Research’s Ben Reitzes and hits $2,200 – a new Street high at the same time – for an expected upside of 77.89%.
The lowest level came from Morgan Stanley (NYSE: Ms) analyst Joseph Moore, who has his sights set on $1,200 — an upgrade from the previous $1,050 level despite actually forecasting a 2.97% decline from $1,236.71 at press time.
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