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Micron Technology Inc. (NASDAQ:MU) shares are gaining ground in Friday’s premarket session.
The move follows a bullish update from Wells Fargo. Analyst Aaron Rakers maintained an Overweight rating on the stock. He raised the price forecast from $410 to $470, according to Benzinga Pro.
The price forecast hike comes just five days before Micron reports its second-quarter 2026 results. The company will release earnings on Wednesday, after the closing bell. Analysts estimate earnings per share of $8.56 and quarterly revenue of $19.12 billion.
Traders are showing renewed optimism …
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