Key Takeaways

Micron Technology ( MU ) is scheduled to report fiscal second-quarter results after the market closes Thursday, with analysts largely bullish on the Nvidia ( NVDA ) partner's stock.

Of the 12 analysts covering the stock tracked by Visible Alpha, 10 have “buy” or equivalent ratings, with two giving the stock a “hold” rating. Their consensus price target near $124 would suggest about 20% upside from Monday's intraday level at $103.36.

UBS analysts raised their price target to $130 from $125 on Monday, pointing to an “improved pricing outlook” for Micron’s DRAM and NAND memory chips. For the full year, UBS lifted its revenue projection to $35.48 billion, up from $34.52 billion previously.

Analysts on average expect Micron to report fiscal second-quarter revenue of $7.9 billion, up about 36% year-over-year. Adjusted earnings are expected to land at $1.67 billion, or $1.43 per share, up from $476 million, or 42 cents per share, a year earlier.

Shares of Micron were up close to 3% Monday afternoon and have gained about 23% in 2025.

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