Micron Technology: Buy Ahead Of Earnings (Preview)

Micron Technology remains a Buy as Q2 2026 revenues rose 196% year-over-year with record 75% adjusted gross margins and EPS beating consensus by 33%. Supply constraints and delayed fab expansions suggest pricing power will persist through at least 2027, with Nvidia partnerships as a catalyst. The analyst sees over 32% upside to a $1300.5 target.