The post Micron (MU) Stock Surges 5% Following Bullish Analyst Upgrades Ahead of Q2 Report appeared on BitcoinEthereumNews.com.

TLDR Wedbush upgraded Micron’s price objective to $500 from $320, highlighting memory pricing strength beyond expectations. Wells Fargo increased its price estimate to $470 from $410 while keeping an Overweight stance. Mizuho maintained its Outperform designation with a $480 target, emphasizing favorable memory pricing momentum. Contract pricing for both DRAM and NAND memory has experienced significant increases, with certain agreements approaching triple-digit percentage growth. The company’s fiscal Q2 results are scheduled for March 18, with Wall Street projecting $8.56 EPS and $19.12 billion in revenue. Shares of Micron Technology (MU) advanced approximately 5% during Friday’s trading session following a series of analyst upgrades from prominent Wall Street firms in anticipation of the chipmaker’s quarterly financial results. Micron Technology, Inc., MU Wedbush’s Matt Bryson maintained his Outperform stance while dramatically increasing his price objective to $500 from a previous $320 target. This represents a substantial 60% elevation in his forecast. Bryson’s optimism stems from memory pricing data that has significantly surpassed Micron‘s original guidance. The semiconductor manufacturer had previously projected approximately 30% growth in average selling prices for flash memory products during its second fiscal quarter. However, actual contract pricing for DRAM and NAND components has climbed considerably higher in multiple instances — with certain agreements nearing triple-digit percentage appreciation. According to Bryson, discussions with industry sources reveal no indication of weakening memory demand. In fact, he emphasized that customer requirements continue expanding while available supply becomes increasingly constrained. Aaron Rakers from Wells Fargo similarly upheld his Overweight recommendation, elevating his price projection from $410 to $470. His revision arrived just five days ahead of Micron’s planned earnings announcement scheduled for March 18. Analyst Consensus Turns Bullish The optimistic sentiment extends beyond isolated voices. Among 49 firms monitored by FactSet, 44 assign Micron a Buy or Outperform designation. Just four maintain…

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Filed under: News - @ March 13, 2026 3:27 pm