Micron Technology (MU) has been outperforming the market, demonstrating strong growth and attracting positive attention from analysts. In a recent trading session, Micron's stock closed at $114.14, a 2.88% increase from the previous day, exceeding the gains of the S&P 500, Dow, and Nasdaq.
Micron's Recent Performance
Over the past month, Micron shares have jumped by 20.22%, surpassing the gains of both the Computer and Technology sector (11.3%) and the S&P 500 (6.29%). This impressive performance highlights investor confidence in the chipmaker's potential.
Upcoming Earnings Release
Investors are eagerly awaiting Micron's financial results, scheduled for release on June 25, 2025. Analysts project earnings per share (EPS) of $1.57, a significant 153.23% increase compared to the same quarter last year. Revenue is estimated to reach $8.81 billion, up 29.33% year-over-year.
For the entire fiscal year, Zacks Consensus Estimates predict earnings of $6.93 per share and revenue of $35.49 billion, representing substantial changes of +433.08% and +41.34%, respectively, from the prior year.
Analyst Ratings and Strategic Advancements
Wells Fargo analyst Aaron Rakers has maintained a Buy rating on Micron, with a price target of $130.00. Rakers' positive outlook is based on Micron's advancements in technology and strategic market positioning. Specifically, Micron's commencement of sample shipments of its 36GB HBM4 12-High to key customers, leveraging their advanced 1-beta DRAM process, has garnered attention.
Micron's focus on expanding the HBM:DDR5 trade ratio and customizing logic base die with HBM4E+ signals strong growth potential in the high-bandwidth memory market. The company's HBM segment revenue exceeded $1 billion in F2Q25, and continued growth is expected. Citi also maintained a Buy rating on Micron with a $130.00 price target.
Analyst Estimate Revisions
Investors should closely monitor analyst estimate revisions for Micron. Positive alterations in estimates often indicate analyst optimism regarding the company's business and profitability. These revisions reflect the evolving nature of short-term business trends.