"Micron carries the strongest institutional momentum of the three. Citi raised its price target to $430 from $385, maintaining a Buy rating ahead of the company's next earnings report on March 18. Meanwhile, Susquehanna lifted its target to $525 from $345, keeping a Positive rating, citing DRAM and NAND average selling prices tracking meaningfully above January expectations quarter-to-date."
"Micron's most recent quarter delivered non-GAAP EPS of $4.78 against an estimate of $3.77, and the company guided Q2 revenue to $18.70 billion, with non-GAAP EPS of $8.42 and gross margin of 68%. Citi expects DRAM prices to increase 171% in 2026 versus 2025 on strong data center demand, with NAND prices rising 127%."
"Prediction markets have taken notice: Polymarket currently prices a 97.75% probability that Micron beats its $8.58 non-GAAP EPS consensus on March 18. With the stock at $370.30, the gap to Citi's $430 target is meaningful, and Susquehanna's $525 represents a significantly higher target price. The analyst consensus target sits at $409.45, with 38 Buy ratings, 3 Holds, and 2 Sells."
Wall Street is increasingly bullish on three AI infrastructure companies: Micron Technology, Oracle, and Semtech. Micron demonstrates the strongest momentum with Citi raising its price target to $430 and Susquehanna to $525, citing strong DRAM and NAND pricing above expectations. Micron's recent earnings exceeded estimates with non-GAAP EPS of $4.78 versus $3.77 expected, and Q2 guidance shows $18.70 billion revenue with $8.42 non-GAAP EPS. Prediction markets assign 97.75% probability that Micron beats consensus EPS on March 18. Oracle and Semtech also receive analyst upgrades, though with varying conviction levels. The consensus analyst target for Micron is $409.45 with 38 Buy ratings, while retail sentiment on social media remains very bullish on the stock.
Read at 24/7 Wall St.
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