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Micron plans to report fiscal second-quarter results after the market closes Thursday.
The majority of analysts tracked by Visible Alpha have a «buy» or equivalent rating for the Nvidia partner’s stock.
UBS analysts said they see an “improved pricing outlook” for Micron’s memory chips.
Micron Technology (MU) is scheduled to report fiscal second-quarter results after the market closes Thursday, with analysts largely bullish on the Nvidia (NVDA) partner’s stock.
Of the 12 analysts covering the stock tracked by Visible Alpha, 10 have “buy” or equivalent ratings, with two giving the stock a “hold” rating. Their consensus price target near $124 would suggest about 20% upside from Monday’s intraday level at $103.36.
UBS analysts raised their price target to $130 from $125 on Monday, pointing to an “improved pricing outlook” for Micron’s DRAM and NAND memory chips. For the full year, UBS lifted its revenue projection to $35.48 billion, up from $34.52 billion previously.
Analysts on average expect Micron to report fiscal second-quarter revenue of $7.9 billion, up about 36% year-over-year. Adjusted earnings are expected to land at $1.67 billion, or $1.43 per share, up from $476 million, or 42 cents per share, a year earlier.
Shares of Micron were up close to 3% Monday afternoon and have gained about 23% in 2025.
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