Top Analysts Raise Micron Stock (MU) Price Targets Ahead of Q2 Earnings

Micron Technology MU +5.13% ▲ remains on investors’ radar as the chipmaker will announce its Q2 FY26 earnings report next week on March 18. Ahead of the announcement, several analysts have raised their price targets, pushing up the average stock forecast for Micron to over $445, implying an upside of 5%. At the same time, the Street-high target of $650 suggests a potential gain of more than 50%. The optimism is driven by strong demand for memory chips and early signs of a rebound in the semiconductor market.

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For context, Micron makes NAND chips for long-term storage like SSDs and smartphones, and DRAM chips that act as fast working memory in computers and data centers. Overall, Wall Street expects Micron to post Q2 FY26 earnings of $8.79 per share, marking an impressive 460% jump compared with the same quarter last year. Meanwhile, revenue is forecasted to climb over 135% to $19.13 billion.

Here’s what top analysts are saying about Micron stock ahead of its earnings.

Citi Raises MU Price Target on Strong Memory Prices

Earlier this week, Citi’s five-star-rated analyst Atif Malik raised his price target for MU stock to $430 from $385, while keeping his Buy rating.

Malik sees potential for Micron to keep rising, fueled by stronger-than-expected memory prices. Growing demand from data centers and enterprise SSDs is driving DRAM and NAND prices higher. He also pointed out that AI could create a longer memory cycle, similar to the PC boom of the 1990s, which may extend Micron’s growth momentum.

**Susquehanna **Lifts MU Price Target

Likewise, Susquehanna’s top analyst, Mehdi Hosseini, raised Micron’s price target to $525 from $345 and maintained a Buy rating on the stock. His price target implies an upside of almost 30% from the current level.

Hosseini updated his financial model and raised estimates, pointing to stronger-than-expected pricing in the DRAM and NAND memory markets. He noted that average selling prices for both types of memory are running well above his January forecasts. Moreover, Hosseini expects this momentum to continue into Q2 FY26 and anticipates that FY28 projections will reflect the industry’s stronger fundamentals.

Aletheia Boosts MU Price Target to New Street-High of $650

Last week, Aletheia raised its price target on MU to a Street-high of $650 from $315, while maintaining a Buy rating. The firm noted that strong demand for AI training and inference is driving heavy consumption of high-bandwidth memory (HBM). Tight supply across the memory industry further supports a bullish outlook for Micron, as constrained capacity could keep memory prices elevated for longer. Aletheia highlighted that DRAM and NAND production is expected to remain limited through 2026 and 2027, with new NAND cleanrooms unlikely before 2028.

Overall, Aletheia sees Micron growing into one of the world’s largest chip suppliers in the coming years. It also expects the company to generate $150–$200 billion in cash flow between FY26 and FY27, giving it considerable financial flexibility.

Is Micron Stock a Good Buy?

Wall Street analysts maintain a Strong Buy rating on MU stock, with 26 Buys and one Hold assigned over the past three months. Micron’s average price target of $448.07 implies about 5.15% upside from current levels.

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