# Micron Technology Inc (NASDAQ:MU) shares are trading higher Wednesday.

*business · news · 2026-04-29 · Benzinga*

## Key points

- Seagate projected fourth-quarter revenue of $3.45 billion, indicating 41% year-over-year growth.
- DA Davidson initiated Micron coverage with a Buy rating and a $1,000 price target.
- Micron shares are trading 20.7% above their 20-day SMA and 94.4% above their 200-day SMA.
- A golden cross for Micron occurred in June 2025, supporting a strong trend-following environment.

**Companies:** Micron Technology Inc, Seagate

[Read the full story on Benzinga](https://www.benzinga.com/trading-ideas/movers/26/04/52132697/why-micron-stock-is-surging-wednesday)

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