Micron Technology Shares Rise 2.6%

Analysts raise price targets on strong earnings and demand outlook

Published on Feb. 28, 2026

Got story updates? Submit your updates here. ›

Shares of Micron Technology, Inc. (NASDAQ:MU) jumped 2.6% during mid-day trading on Wednesday, reaching as high as $436.89 per share. The semiconductor company saw strong trading volume of 25.8 million shares, down 29% from the average daily volume. Micron reported better-than-expected earnings in its latest quarter, prompting several analysts to raise their price targets on the stock.

Why it matters

Micron is a leading global manufacturer of memory and storage solutions, supplying key components used in data centers, PCs, mobile devices, and a wide range of other electronics. Strong demand and pricing for Micron's products have driven the company's recent financial performance, making it a bellwether for the broader semiconductor industry.

The details

Several Wall Street research firms have issued positive notes on Micron this week. Wedbush set a $320 price target, JPMorgan Chase raised its target to $350, and Mizuho increased its target to $480. The analysts cited Micron's robust earnings, which exceeded consensus estimates, as well as the company's favorable outlook for continued strong demand across its product lines.

  • Micron reported its latest quarterly earnings on Wednesday, December 17, 2025.
  • The company's stock hit an intraday high of $436.89 on Wednesday, February 28, 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.

Wedbush

An investment firm that has set a $320 price target on Micron's stock.

JPMorgan Chase & Co.

A major investment bank that has raised its price target on Micron to $350.

Mizuho

A financial services group that has increased its Micron price target to $480.

Got photos? Submit your photos here. ›

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)

The takeaway

Micron's strong financial performance and positive analyst sentiment highlight the company's position as a leader in the memory and storage semiconductor market. The stock's rise suggests investors are optimistic about Micron's ability to capitalize on growing demand across its diverse end markets.