What Analysts Think of Micron Stock Ahead of Earnings
Key Points
- Micron plans to report second-quarter results for the second quarter after the market closes Thursday.
- It can be seen that most analysts tracked by alpha have a “buy” or equivalent rating for NVIDIA partners’ stocks.
- UBS analysts said they saw the “higher pricing prospect” of Micron’s memory chips.
Micron technology (mu) Plans to report second-quarter results after closing the market on Thursday, analysts largely bullish on NVIDIA (NVDA) Partner’s stock.
Of the 12 analysts covering visible Alpha tracking, 10 have a “buy” or equivalent rating, with two ratings on the stock as “hold.” Their consensus target is close to $124, which is about $103.36 from Monday’s intraday level, a figure that will show about 20%.
UBS analysts raise their price target to $130 from $125 on Monday Dram and Nand Memory chip. Over the entire year, UBS raised its revenue forecast to $35.48 billion, up from the previous $34.52 billion.
Analysts expect Micron to report revenue of $7.9 billion in the second quarter, up about 36% year-on-year. Adjusted earnings are expected to earn at $1.67 billion or $1.43 per share, up from $476 million a year ago, or 42 cents a share.
Micron’s stock was close to 3% on Monday afternoon, up about 23% in 2025.