TLDR

Wedbush raised its price target on Micron to $500, up from $320, citing better-than-expected memory pricing.
Wells Fargo lifted its price forecast to $470 from $410, maintaining an Overweight rating.
Mizuho kept its Outperform rating with a $480 price target, pointing to strong memory pricing tailwinds.
Memory contract prices for DRAM and NAND have risen sharply, with some hitting close to triple-digit percentage gains.
Micron is due to report fiscal Q2 earnings on March 18, with analysts forecasting EPS of $8.56 and revenue of $19.12 billion.

Micron Technology (MU) stock jumped around 5% on Friday as Wall Street analysts lined up to raise price targets ahead of the company’s upcoming earnings report next week.

Micron Technology, Inc., MU

Wedbush analyst Matt Bryson reiterated an Outperform rating and lifted his price target sharply to $500 — up from $320. That’s a near 60% jump in his target. He pointed to memory pricing that has come in well ahead of what Micron itself guided for.

Micron had initially pointed to a roughly 30% rise in average selling prices for flash products in fiscal Q2. But contract pricing for both DRAM and NAND memory has in some cases climbed much higher — with some contracts near triple-digit percentage increases.

Bryson said conversations with industry contacts show no sign of memory demand slowing down. If anything, he noted, requirements are rising and supply is getting tighter.

Wells Fargo analyst Aaron Rakers also maintained an Overweight rating, raising his price forecast from $410 to $470. His update came just five days before Micron’s scheduled earnings release on March 18.

Analyst Consensus Turns Bullish

The bullish tone isn’t coming from just one or two names. Out of 49 firms tracked by FactSet, 44 rate Micron at Buy or Outperform. Only four have a Hold rating, and just one has a Sell.

Mizuho analyst Vijay Rakesh added to the positive chorus, reiterating an Outperform rating with a $480 price target. He cited “continued upside” driven by memory and pricing tailwinds as data center developers keep spending on AI infrastructure.

The stock is up about 42% this year and has surged around 302% over the past 12 months — compared to a 29% gain for the Nasdaq Composite over the same stretch.

From a technical standpoint, Micron is trading 0.6% above its 20-day simple moving average and 32% above its 100-day SMA. Key resistance sits at $437 and support at $364.

AI Demand Driving Memory Build-Out

A major part of the demand story comes from AI infrastructure spending. Data center operators are allocating more capital toward advanced memory products, where Micron has been pushing harder with its “Monster” Memory chips — designed to address power and performance bottlenecks in AI workloads.

The company has a $5 billion investment program underway to expand its memory technology for AI servers.

Bryson acknowledged there is limited visibility into exactly how industry pricing maps onto Micron’s own contract pricing, given its off-cycle reporting dates. But with margins trending higher and the stock trading below what he sees as typical peak earnings multiples, he sees no reason to change his positive outlook.

Analysts are forecasting Q2 earnings per share of $8.56 and quarterly revenue of $19.12 billion when Micron reports after the closing bell on March 18.

The post Micron (MU) Stock Rises 5% as Analysts Raise Price Targets Before Earnings Wednesday appeared first on CoinCentral.

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Filed under: News - @ March 13, 2026 2:30 pm