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Micron Technology Inc. (NASDAQ: MU) is scheduled to release its most recent quarterly results after the markets close on Tuesday. The consensus estimates from Thomson Reuters call for $2.19 in earnings per share (EPS) and $6.41 billion in revenue. In the same period of last year, it reported EPS of $0.32 and $3.97 billion in revenue.

This company is the leader in DRAM and has been rapidly expanding in NAND. Its shares more than doubled over 2017, but they also have pulled back about 15% from recent highs. With a consensus price target around $54, the implied upside is more than 20% from the current share price. The consensus target price also has risen, from $49 in mid-October and from $43.50 in mid-September.

Susquehanna recently set a $60 price target, which would imply upside of nearly 40% for Micron, if the firm is right in being so aggressive. Micron’s growth is expected to continue in 2018, but a mixed outlook for 2019 keeps valuations low, at way under 10 times expected earnings. Still, the risk here is that investors never want to give Micron a high valuation multiple on earnings, and some analysts have warned that chip growth is seeing supply catch back up to demand.

A few other analysts weighed in on Micron ahead of the report:

• MKM Partners has a Buy rating with a $54 price target.
• Cowen has a Buy rating with a $50 price target.
• Deutsche Bank has a Buy rating and a $55 price target.
• Robert Baird has an Outperform rating and a $60 price target.
• Morgan Stanley’s Overweight rating comes with a $55 price target.
• JPMorgan has an Overweight rating with a $55 price target.

Excluding Tuesday’s move, Micron had vastly outperformed the broad markets, with its stock practically doubling in 2017 alone. Over the past 52 weeks, the stock is actually up 115%.

Shares of Micron were up about 1% at $44.16 Tuesday morning, within a 52-week range of $20.34 to $49.89.