<div id="readability-page-1"><div id="blog-content"><img height="334" src="https://imageproxy.pbkrs.com/https://images.unsplash.com/photo-1518770660439-4636190af475/query-aXhpZD1leUpoY0hCZmFXUWlPakV5TURkOSZpeGxpYj1yYi0xLjIuMSZxPTgwJnc9MTAwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="500" original-src="https://imageproxy.pbkrs.com/https://images.unsplash.com/photo-1518770660439-4636190af475/query-aXhpZD1leUpoY0hCZmFXUWlPakV5TURkOSZpeGxpYj1yYi0xLjIuMSZxPTgwJnc9MTAwMA"/>Image Source: Unsplash Micron Technology (MU) shares gained nearly 5% on Wednesday as investors prepare for the company’s fiscal Q1 2026 earnings report scheduled for December 17. The stock recently reached a new all-time high after surging more than 100% over the past six months.(Click on image to enlarge)<img height="420" src="https://imageproxy.pbkrs.com/https://knockoutstocks.com/api/stocks/MU/embed?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="700" original-src="https://imageproxy.pbkrs.com/https://knockoutstocks.com/api/stocks/MU/embed"/>Wall Street expects Micron to report earnings of $3.93 per share for the quarter. That compares to $1.79 per share in the same period last year. Revenue projections stand at $12.82 billion, representing over 45% year-over-year growth.The buildup to earnings has sparked a wave of analyst upgrades. Top firms including Stifel, Mizuho, and UBS raised their price targets on the stock. The analysts pointed to improving memory pricing trends and stronger demand for high bandwidth memory as key drivers.<h2> Analyst Optimism Builds</h2>HSBC analyst Ricky Seo initiated coverage this week with a Buy rating and a $330 price target. Seo dismissed concerns about financial risks from new competitors and the Stargate Project. He argued the market is underestimating benefits from rising commodity DRAM prices.HSBC believes Micron can capture 25-30% of the enterprise SSD market by fiscal 2027. That’s up from 15% in Q2 2025. The firm expects operating profits to grow at a 125% annual rate from 2025 to 2027.Deutsche Bank’s Melissa Weathers raised her price target from $200 to $280. Weathers sees Micron well-positioned to benefit from the next memory market cycle. High-bandwidth memory is driving changes that could support higher valuations.Deutsche Bank increased its full-year 2026 earnings estimate by almost 26% to $20.63 per share. The firm also raised its revenue forecast by 12% to $59.66 billion.<h2> Memory Market Dynamics</h2>The memory chip industry is experiencing supply tightness. Micron’s fiscal 2025 revenue jumped 49% as DRAM selling prices increased. Higher pricing has improved margins, pushing adjusted earnings per share to $8.29 for the fiscal year that ended August 28.Management expects limited DRAM supply to continue next year. Multiple companies manufacture memory chips, but demand from data centers has created a shortage. This dynamic has sent memory prices soaring.The stock currently trades at around 15 times fiscal 2026 earnings estimates. HSBC’s earnings projections for 2025 through 2027 run 23%, 44%, and 29% higher than Wall Street consensus.<h2> Wall Street Ratings</h2><img height="218" src="https://imageproxy.pbkrs.com/https://coincentral.com/wp-content/uploads/2025/12/Screenshot-2025-12-14-112804.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="700" original-src="https://imageproxy.pbkrs.com/https://coincentral.com/wp-content/uploads/2025/12/Screenshot-2025-12-14-112804.png"/>Source: Knockoutstocks.comHowever, the recent rally has pushed shares above that average target. This suggests limited near-term upside despite continued bullish sentiment. The stock has gained 85% over the last three months.The memory chip market remains highly competitive. DRAM is essentially a commodity product with fluctuations driven by supply and demand. These historical swings make Micron a challenging stock to analyze.Analysts cite supply discipline across the memory market as margins recover. The industry downturn appears to be bottoming out. Data center demand continues to drive growth, with companies racing to build AI infrastructure that requires substantial memory capacity.<hr/>More By This Author:Bitcoin Faces Potential Price Drop To $75k Amid Declining ETF Inflows Michael Saylor’s Strategy Secures Nasdaq 100 Spot As MSCI Decision Looms Weekly Wrap-Up: Stock And Crypto Markets Tumble As AI Bubble Fears Surface</div></div>

Micron Technology's stock surged nearly 5% as it approaches its fiscal Q1 2026 earnings report on December 17. Analysts expect earnings of $3.93 per share, a significant increase from last year. Revenue is projected to grow over 45% year-over-year. Analysts, including HSBC and Deutsche Bank, have raised price targets, citing improved memory pricing and demand. Despite recent gains, the stock faces limited near-term upside due to competitive market dynamics and supply-demand fluctuations in the memory chip industry.

- Micron Technology (MU) shares rose nearly 5% ahead of its fiscal Q1 2026 earnings report, with expectations of $3.93 per share, up from $1.79 last year.  
- Analysts have upgraded their price targets, citing improving memory pricing trends and strong demand for high bandwidth memory, with HSBC projecting a 25-30% market share in enterprise SSDs by fiscal 2027.  
- The memory chip industry is facing supply tightness, driving prices up, while Micron's stock trades at about 15 times fiscal 2026 earnings estimates, indicating limited near-term upside despite bullish sentiment.  

Micron Stock: Is It A Buy Ahead Of Earnings On December 17?