What Analysts Think of Micron Stock Ahead of Earnings

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 22% upside from Tuesday’s close at $101.72.

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 edged 1.4% lower Tuesday but have gained about 21% in 2025.

UPDATE—March 18, 2025: This article has been updated since it was first published to reflect more recent analyst estimates and share price values.