<div id="readability-page-1"><p>All eyes are on the fiscal second-quarter results of memory and storage solutions provider Micron Technology (MU) on March 18. MU stock has risen 324% over the past year, driven by strong demand for memory chips in the data centers amid the ongoing artificial intelligence (AI) wave and surge in memory prices due to limited supply. Ahead of Q2 FY26 earnings, top Wells Fargo analyst Aaron Rakers reiterated a Buy rating on Micron stock and increased the price target to $470 (about 16% upside potential) from $410.</p><h3>Claim 70% Off TipRanks Premium</h3><ul><li>Unlock  hedge fund-level data  and  powerful investing tools  for smarter, sharper decisions  </li><li> Stay ahead of the market with  the latest news and analysis  and maximize your portfolio's potential</li></ul> <p>Wall Street expects Micron to report Q2 FY26 earnings per share (EPS) of $8.74, indicating a significant 460% year-over-year growth. Revenue is expected to rise 136% to $19.03 billion. The solid growth estimates reflect the strong demand for high-bandwidth memory (HBM) and DRAM solutions in data centers.</p></div>

SOXX

MULL

SOXL

SOXQ

FTXL

<p>Wells Fargo analyst Aaron Rakers has raised the price target for Micron Technology (MU) stock to $470 from $410, indicating a 16% upside potential. This comes ahead of the company's Q2 FY26 earnings report on March 18, where EPS is expected to be $8.74, reflecting a 460% year-over-year growth, and revenue is projected to rise 136% to $19.03 billion, driven by strong demand for memory chips in data centers amid the AI wave.</p>

- Micron Technology (MU) will release its fiscal Q2 results on March 18, with stock rising 324% over the past year due to high demand for memory chips amid the AI wave.  
- Analyst Aaron Rakers from Wells Fargo reiterated a Buy rating, raising the price target to $470, signaling a 16% upside potential.  
- Wall Street anticipates EPS of $8.74 and a revenue increase of 136% to $19.03 billion, driven by strong demand for high-bandwidth memory and DRAM solutions.

Tip Ranks

Direxion Daily MU Bull 2X Shares

iShares Semiconductor ETF

Micron Tech

VanEck Semiconductor ETF

GraniteShares 2x Long MU Daily ETF

SPDR S&P Semicon

Invesco Semiconductors ETF

Direxion Semicon Bull 3X

Invesco PHLX Semiconductor ETF

First Trust Nasdaq Food & Semicon

Top Wells Fargo Analyst Raises Micron Stock (MU) Price Target Ahead of Q2 Earnings