Micron Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Micron Technology, Inc. MU is expected to release earnings results for its second quarter, after the closing bell on March 20, 2024.

Analysts expect the Boise, Idaho-based company to report a quarterly loss at 26 cents per share, versus a year-ago loss of $1.91 per share in the year-ago period. Micron is projected to report quarterly revenue of $5.33 billion, according to data from Benzinga Pro.

Micron, last month, announced it has begun volume production of its High Bandwidth Memory 3E (HBM3E) solution.

Micron shares rose 0.2% to close at $94.00 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• UBS analyst Timothy Arcuri maintained a Buy rating and raised the price target from $95 to $120 on March 19, 2024. This analyst has an accuracy rate of 77%.
• Cantor Fitzgerald analyst C J Muse maintained an Overweight rating and raised the price target from $100 to $120 on March 18, 2024. This analyst has an accuracy rate of 76%.
• TD Cowen analyst Krish Sankar maintained an Outperform rating and increased the price target from $100 to $120 on March 15, 2024. This analyst has an accuracy rate of 75%.
• Citigroup analyst Christopher Danely maintained a Buy rating and increased the price target from $95 to $150 on March 15, 2024. This analyst has an accuracy rate of 79%.
• Wedbush analyst Matt Bryson maintained an Outperform rating and increased the price target from $95 to $103 on March 12, 2024. This analyst has an accuracy rate of 87%.

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