Micron (MU) continues to garner positive sentiment ahead of its Q2 earnings next week. Brokerage firm GF Securities just upped its price target on the stock to $571. In a note to clients, analyst Jeff Pu reasoned “We now forecast DRAM contract prices to rise by 100% in 1Q26, followed by >30% QoQ in 2Q26 with further upside given current asking prices in 50-60% range. For Micron, we forecast FY2Q26 revenue to be $23B with [a] gross margin of 77%. Looking ahead, we expect 3Q26 revenue guidance to be $29B and a margin further [to] grow to 83%. In terms of HBM development, we see Micron [sic having] secured its HBM4 order (likely ~10Gbps version) with [a] small patch starting [in] March.”

Not just that, Pu reckons that the…