---
title: "Top Wells Fargo Analyst Raises Micron Stock (MU) Price Target Ahead of Q2 Earnings"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/278999898.md"
description: "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."
datetime: "2026-03-13T07:12:07.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278999898.md)
  - [en](https://longbridge.com/en/news/278999898.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278999898.md)
---

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

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.

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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.

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