Overview
- Wedbush lifted its Micron target to $500, Wells Fargo to $470, and Mizuho kept $480, joining earlier increases from Susquehanna at $525 and Citi at $430, with consensus ratings firmly in Buy territory.
- Wall Street expects Micron to report Q2 FY26 EPS of roughly $8.56 to $8.74 on about $19.0 billion in revenue on March 18, following company guidance of approximately $18.7 billion.
- Wells Fargo highlighted that Micron has allocated or sold all 2026 high‑bandwidth memory output and pulled forward volume shipments by one quarter, reinforcing visibility into pricing and margins.
- Contract pricing for DRAM and NAND has jumped sharply, with some deals near triple‑digit gains, and Citi projects 2026 DRAM prices up about 171% and NAND up about 127% versus 2025.
- Shares have swung on macro shocks tied to Iran and oil, including a recent pullback, yet the stock remains up around 42% year to date and more than 300% over the past year.