Micron Technology shares fell 1.95% to $1,051 in Thursday’s premarket trading as investors turned cautious ahead of the company’s Sept. 30 earnings report and broader technology stocks came under pressure. Nasdaq futures declined 0.87%, while S&P 500 futures fell 0.45%. Wall Street expects earnings of $31.45 per share, compared with $3.03 a year earlier, and revenue of $51.05 billion, up from $11.31 billion. Bank of America analyst Vivek Arya maintained a Buy rating and $1,550 price forecast, focusing on whether gross margins can stay in the mid-80% range through fiscal 2027. He said that level could support fiscal 2027 earnings of $150 to $200 per share and leave the stock trading near seven times forward earnings, below Micron’s historically sustained multiple of about 10 times. Micron has a Buy consensus rating and an average price forecast of $1,522.83, with Rosenblatt, Wells Fargo and Citigroup also maintaining positive ratings. Technical indicators remain bullish despite the premarket decline: the stock is above its 20-day, 50-day and 200-day simple moving averages (SMA, trend gauges based on average prices), while its moving average convergence divergence (MACD, a momentum indicator) remains above its signal line. Resistance is near $1,089.50 and support is around $902.50. Benzinga Edge assigns Micron Momentum, Quality, Growth and Value scores of 99.58, 96.6, 93.81 and 19.47, respectively. Micron also represents about 8.78% of SOXX, 8.80% of SOXQ and 8.87% of XNTK, meaning flows into or out of those exchange-traded funds can affect trading in its shares.