Micron Rebounds 1.9% to $865.46 on July 20 After Three-Day Slide; Wall Street Sees DRAM, NAND Prices Rising

According to Barron's, Micron Technologies (MU-US) rebounded 1.9% to close at $865.46 on Monday, July 20, after three consecutive trading days of decline, signaling a potential stabilization. The stock has fallen nearly 30% over the past month, with Micron's market value dipping below $1 trillion last week for the first time since June 5.

KeyBanc Capital Markets anticipates further gains: DRAM prices are projected to rise 15-20% in Q3 versus Q2, followed by another 15% increase in Q4, while NAND Flash prices are expected to climb 30-40% in Q3 and another 15% in Q4. Analyst John Vinh maintains a buy rating on Micron with a $1,750 price target, noting that memory supply-demand tightness is unlikely to ease before 2028.