Micron is poised for further upside, driven by robust AI memory demand and a strong Q3 outlook. Micron's ramp-up in HBM4 production and diversified memory portfolio position it to exceed near-term expectations amid constrained industry supply. My DCF model values Micron at $1,242.41 per share, about 20% above current levels, with potential for greater upside if the upcycle persists.
Next week will bring several closely watched economic reports, with investors eyeing manufacturing, housing data, and other key economic indicators.
STX is leveraging AI-driven data growth with its HAMR-based Mozaic platform to position itself for rising storage demand across cloud, edge and data centers.
Beyond analysts' top-and-bottom-line estimates for Micron (MU), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended May 2026.
Even when excluding the significant upward revisions to Energy sector estimates, aggregate Q2 earnings estimates for the remainder of the S&P 500 index would still be in positive territory since the start of April.
Micron Technology is rated Strong Buy with a $1,673/share target, driven by tight memory markets and accelerating agentic AI adoption. MU's strategic expansion in DRAM/NAND capacity, backed by the transition towards multi-year customer agreements, positions it to capitalize on persistent supply constraints through at least 2028. Forecasts for eq3'26 include $35b net revenue and $19.89 EPS, with robust operating leverage and positive pricing dynamics supporting margin resilience.
MU and STX have surged on AI-driven demand, with strong revenue growth, pricing power and expanding profitability supporting further momentum.
Micron (MU) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Shares hard to believe that shares of memory darling Micron (NASDAQ:MU | MU Price Prediction) still have any gas left in the tank after an explosive run that saw a 223% gain year to date or 590% in the last two years.
Micron Technology (MU) shares rose in trading on Wednesday. The gains came as Deutsche Bank became the latest Wall Street firm to raise its price target on the memory-chip maker, citing persistent supply constraints and surging demand from artificial intelligence applications.
Wall Street analysts have raised their price targets on Micron Technology (NASDAQ: MU), citing stronger memory pricing, improving market fundamentals, and sustained demand from artificial intelligence infrastructure.
Micron Technology is going to report their FY Q3 earnings on June 24, 2026. Micron's quarterly estimates for both DRAM and NAND memory sales and gross profit have increased substantially since last quarter, more than tripling since last year. Micron's guidance this quarter will be a potentially important signal to the markets about the trajectory for Memory.