TradingKey – After the U.S. market close on June 24, after Micron Technology ( MU) released its earnings report, JPMorgan Chase ( JPM) immediately raised its price target from $550 to $1,540, maintaining an ‘Overweight’ rating. This near-twofold upward adjustment reflects the bank’s strong recognition of Micron’s explosive earnings growth potential. Analyst Harlan Sur’s upgrade was based on Micron’s third-quarter revenue, gross margin, and earnings per share all exceeding expectations.

Meanwhile, several investment banks simultaneously followed suit in raising their price targets: D.A. Davidson lifted its price target from $1,500 to $2,000, and Susquehanna raised theirs from $1,750 to $2,000.

Goldman Sachs ( GS) analyst James Schneider…