BofA Securities says Micron Technology's gross-margin and capital-spending guidance could shape the stock's next move.
Senior Research Analyst at Rosenblatt, Kevin Cassidy, reiterated the firm's “Buy” rating on Micron (NASDAQ: MU) and its $1,500 Micron stock price target on September 23, 2026.
Micron has handed investors a spectacular run, but concentrating that bet on one company's fab schedule carries risks that most MU bulls haven't fully priced in.
Micron Technology (NASDAQ:MU | MU Price Prediction) stock is up 17% over the past month and trades at $1,066.01, a run that puts the memory maker near the front of the AI storage rally. Micron shares are down 0.
When Micron reports earnings next week, a Rosenblatt analyst expects to hear about additional customer agreements, rising prices and stock buybacks.
Bank of America (BofA) and UBS retained their 'buy' ratings on Micron Technology Inc (NASDAQ:MU), with both firms pointing to sustained memory demand, improving pricing and potential shareholder returns as key drivers for the semiconductor company. BofA said the key issue ahead of Micron's fiscal fourth-quarter results was whether gross margins could remain around the mid-80% range through fiscal 2027.
Keep an eye on Micron Technology (NASDAQ:MU | MU Price Prediction) into the September 30 earnings report. The stock is up 276.99% year to date at $1,075.31, sits on a roughly $1.21 trillion market cap, and has advanced 15.
Insights generated by ChatGPT artificial intelligence predict that Micron Technology (NASDAQ: MU) is likely to trade slightly above its current price, sustaining its ongoing bullish momentum.
Citi analyst Atif Malik raised the firm's Micron (NASDAQ: MU) stock price target from $1,150 to $1,300 on September 23, while maintaining a “Buy” rating on the stock. The revised target not only implies further upside for Micron but also strengthens Wall Street's positive outlook as the company's shares remain firmly above the $1,000 mark.
Micron Technology (NASDAQ: MU) and SanDisk (NASDAQ: SNDK) investors face a new test on Monday after China's CXMT moved its latest DRAM technology into mass production, challenging one of the assumptions behind this year's powerful memory-stock rally. CXMT says its fifth-generation process can produce at least 50% more dies per wafer than its previous platform while improving power efficiency and manufacturing economics.
S&P 500 earnings in Q3 are expected to increase by +24% from the same period last year, reflecting the 8th consecutive quarter of double-digit earnings growth for the index. Earnings revisions have been positive, sustaining the favorable trend in place for almost a year now.
Micron Technology (MU) shares rose on Friday as RBC Capital Markets said the memory-chip maker's valuation does not fully reflect its exposure to the artificial intelligence-driven memory boom. Micron stock gained as much as 3.12%.