Micron Technology, Inc. (MU) is about to show us what it's got. The memory chip maker reports first-quarter earnings Wednesday after the closing bell, and Wall Street is expecting some impressive numbers.
Analysts are projecting quarterly earnings of $3.92 per share for the Boise, Idaho-based company, which would represent more than double the $1.79 per share Micron posted in the same period last year. The consensus revenue estimate sits at $12.87 billion, compared to $8.71 billion a year earlier, according to data from Benzinga Pro.
It's worth noting that on Dec. 3, Micron Technology announced it will exit the Crucial consumer business, which means you won't be seeing those Crucial-branded products in retail stores, online shops, or through distributors anymore. The company is clearly shifting its focus.
Shares closed at $237.50 on Monday, down 1.5% for the session.
What's particularly interesting heading into this earnings report is how bullish the most accurate analysts have become. Let's look at what the sharp minds tracking Micron have been saying recently.
Rosenblatt analyst Kevin Cassidy maintained a Buy rating with a $300 price target on Dec. 15, 2025. His track record? A 79% accuracy rate.
Wedbush analyst Matt Bryson kept his Outperform rating but raised his price target from $220 to $300 on Dec. 15, 2025. Bryson has been right 85% of the time, making him one of the most accurate voices in the room.
Stifel analyst Brian Chin maintained a Buy rating and bumped his target from $195 to $300 on Dec. 12, 2025. His accuracy rate stands at 80%.
Citigroup analyst Christopher Danely also maintained a Buy rating while lifting his price target from $275 to $300 on Dec. 10, 2025. Danely has an 82% accuracy rate.
Susquehanna analyst Mehdi Hosseini maintained a Positive rating and increased his price target from $200 to $300 on Dec. 8, 2025. This analyst has a 75% accuracy rate.
Notice a pattern? Five highly rated analysts all converging on that $300 price target right before earnings. That's the kind of consensus that makes you pay attention, especially when these analysts have proven track records of getting their calls right most of the time.
