5-star analyst revamps Micron stock price target before earnings

Micron Technology (MU) just got a monolithic bullish telephone from 1 of Wall Street’s finest conscionable days earlier its adjacent net report.

Citi analysts led by Atif Malik reiterated their Buy standing connected the representation giant, bumping their terms people to $430 from $385.

At the clip of writing, connected Monday, March 9, 2026, Micron Technology banal closed astatine $387.70, according to Yahoo Finance.

Malik argues that, fixed the beardown fundamentals successful the representation market, Micron’s gross could surge acold beyond existent expectations.

For perspective, Citi’s Atif Malik is simply a five-star Wall Street analyst, according to TipRanks.

He ranks No. 5 out of 12,127 Wall Street analysts and No. 18 retired of 44,357 experts, attracting a 73% occurrence rate, with 364 of 496 ratings generating a profit.

As per Seeking Alpha, Micron is expected to study its fiscal Q2 2026 results connected March 18, 2026, aft the bell.

Wall Street analysts are looking for normalized EPS of $8.59, GAAP EPS of $8.52, and gross of $19.10 billion. Moreover, expert revisions stayed firmly successful the green, with 24 upward revisions and 0 downward revisions implicit the past 3 months.

Micron’s been 1 of the hottest stocks implicit the past year, successful an different mixed twelvemonth for the tech industry.

For immoderate color, if you’d invested $10,000 into Micron banal a twelvemonth ago, you would person grown your involvement into astir $43,300 contiguous (a $33,300 profit).

Just past month, I wrote astir a Morgan Stanley note connected Micron that was afloat of glowing praise for the representation spot maker.

“As overmuch arsenic happened successful the past 12 months successful DRAM, we stay excited for what’s ahead,” Morgan Stanley’s Joseph Moore wrote, underscoring tightening proviso conditions crossed the market.

He besides forecasted that Micron could gain arsenic precocious as $52 per share successful 2026, driven chiefly by relentless request for high-bandwidth representation (HBM) used successful Nvidia’s (NVDA)AI chips.

Malik and his squad judge that the almighty operation of surging AI request and supply bottlenecks linked to caller spot fabrication capableness volition widen the existent cycle, pushing Micron’s banal to caller heights.

• Deutsche Bank raised its Micron people to $500.

• UBS raised its Micron people to $475.

• Bank of America raised its Micron people to $400.

• Stifel raised its Micron people to $550.

• Morgan Stanley raised its Micron people to $450.
  Source: MarketBeat, Investing.

Citi’s upbeat telephone connected Micron isn’t precisely a caller idea. The planetary representation marketplace is being supercharged by AI infrastructure spending, and that tailwind remains firmly successful place.