Micron Technology Shares Surge 3.1%

Semiconductor manufacturer sees stock price jump on strong earnings and analyst upgrades.

Published on Feb. 8, 2026

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Shares of Micron Technology, Inc. (NASDAQ:MU) rose 3.1% on Friday, trading as high as $396.65 before closing at $394.69. The company saw approximately 37 million shares traded, down 4% from the average daily volume. The stock price increase comes after a number of positive analyst reports, including Barclays raising its price target to $450 and giving the stock an 'overweight' rating, and Rosenblatt Securities reiterating a 'buy' rating with a $500 price target.

Why it matters

Micron Technology is a major player in the semiconductor industry, producing memory and storage solutions used in a wide range of computing and electronic devices. The company's strong stock performance reflects growing demand for its products, particularly in data centers, cloud infrastructure, and mobile devices. Positive analyst sentiment indicates confidence in Micron's ability to continue growing its business and profitability.

The details

Micron reported strong quarterly earnings in December, with EPS of $4.78 exceeding analyst estimates of $3.77. The company also provided upbeat Q2 2026 guidance, projecting EPS in the range of $8.22 to $8.62. Micron's quick ratio of 1.78, current ratio of 2.46, and low debt-to-equity ratio of 0.19 further demonstrate its financial health and ability to capitalize on industry trends.

  • Micron Technology shares traded as high as $396.65 on Friday, February 8, 2026.
  • The stock closed at $394.69 on February 8, 2026.

The players

Micron Technology, Inc.

A global semiconductor company that designs and manufactures memory and storage solutions for a wide range of computing and electronic devices.

Barclays

An investment bank that raised its price target for Micron Technology to $450 and gave the stock an 'overweight' rating.

Rosenblatt Securities

An equity research firm that reiterated a 'buy' rating on Micron Technology with a $500 price target.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee (Instagram)

The takeaway

Micron Technology's strong stock performance and positive analyst sentiment highlight the company's ability to capitalize on growing demand for memory and storage solutions in key markets like data centers, cloud infrastructure, and mobile devices. The company's financial health and guidance suggest it is well-positioned to continue its growth trajectory.