Micron Technology shares rose 2% in Tuesday morning trading ahead of its fiscal fourth-quarter results due after Wednesday's market close, following a 3% decline that left the stock at $1,053.98 on Monday. The shares have gained 280% year to date and 550% over 12 months, though they remain about 15% below their June peak. Consensus forecasts cited in the latest report call for $31.16 in earnings per share and $50.45 billion in revenue for the August-ending quarter, while other estimates in the record are higher. Investors are focused on memory pricing, the share of output under longer-term supply agreements, management's outlook for supply constraints and potential capital returns after restrictions tied to CHIPS Act funding expire in December. Wall Street remains broadly bullish, with 45 of 49 analysts assigning buy recommendations and an average target of $1,521.