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 over 20% upside from Thursday's intraday level.

UBS analysts raised their price target to $130 from $125 on Monday, pointing to an “improved pricing outlook” for Micron’s 澳洲幸运5官方开奖结果体彩网:DRAM and NAND memory chips. For the full year, UBS lifted its revenue projection to $𒐪35.48 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 have gained about 22% in 2025 so far, at $102.94 intraday Thursday.

UPDATE—March 20, 2025: This article has been updated since it was first published to reflect more recent analyst estimates and share price values.