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Key Takeaways
- Micron plans to announce its fiscal second quarter results after the close of the market on Thursday.
- The majority of analysts tracked by Visible Alpha have a "buy" or equivalent rating for the Nvidia partner's stock.
- UBS analysts see “improved pricing prospects” for Micron memory chips.
Micron Technology (MU), a Nvidia (NVDA), partner, is expected to release its fiscal second-quarter earnings after the market closes on Thursday. Analysts are largely bullish about the stock.
Visible Alpha has 12 analysts covering this stock. Of these, 10 have a “buy” rating or equivalent. Two analysts rate the stock as “hold”. Their consensus price target near $124 would suggest about 22% upside from Tuesday's close at $101.72.
UBS analysts increased their price target from $125 to $130 Monday, citing an “improved” pricing outlook for Micron’s NAND and DRAM memory chips. UBS increased its revenue projection for the entire year from $34.52 to $35.48 billion.
Analysts expect Micron to report revenue of $7.9 Billion for the fiscal second quarter, an increase of about 36% over last year. Analysts expect adjusted earnings to reach $1.67 billion or $1.43 a share, up from $476.8 million or 42 cents a share compared to a year ago.
Micron shares fell by 1.4% on Tuesday, but are expected to gain 21% by 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.
