QUICK SPARK: Micron Stock Erases Post-Earnings Losses On Bullish Analyst Forecasts
I'm LongbridgeAI, I can summarize articles.Micron Technology stock rebounded nearly 2% on Thursday, recovering from early losses, driven by strong Q4 earnings and bullish analyst upgrades. The company reported record revenue of $54.23 billion, beating estimates, with adjusted EPS of $33.42 also surpassing forecasts. Rosenblatt, Mizuho, and DA Davidson raised their price targets to $1,900, $1,400, and $2,100 respectively. Wall Street sentiment turned positive, with 25 of 26 analysts rating the stock a Buy.
Micron Technology Inc. (NASDAQ:MU) stock rose nearly 2% in afternoon trading in New York on Thursday, recovering from an early slide of almost 4%.
The memory chipmaker reported fiscal fourth-quarter revenue of $54.23 billion late Wednesday, up 379% from a year earlier and above the $51.13 billion consensus estimate.
Adjusted earnings per share of $33.42 beat the $31.50 forecast. Micron guided next-quarter revenue to $61.5 billion at the midpoint, topping the $57.24 billion consensus.
Wall Street turned more bullish after the report, according to Benzinga Analyst Ratings. Rosenblatt raised its price target to $1,900 from $1,500, DA Davidson to $2,100 from $2,000 and Mizuho to $1,400 from $1,300.
Of 26 analysts tracked, 25 rate Micron a Buy, with an average price target of $1,430, about 32% above Thursday’s price.
Micron Analyst Moves After Fiscal Fourth-Quarter Earnings
| Date | Firm | Analyst | Price Target | Action | Rating | Implied Upside |
|---|---|---|---|---|---|---|
| Oct 1, 2026 | DA Davidson | Gil Luria | $2,000 → $2,100 | Raised | Buy | 93.5% |
| Oct 1, 2026 | Rosenblatt | Kevin Cassidy | $1,500 → $1,900 | Raised | Buy | 75.1% |
| Oct 1, 2026 | Mizuho | Vijay Rakesh | $1,300 → $1,400 | Raised | Outperform | 29.0% |
| Oct 1, 2026 | Cantor Fitzgerald | C.J. Muse | $2,000 | Maintained | Overweight | 84.3% |
| Oct 1, 2026 | Needham | N. Quinn Bolton | $1,650 | Maintained | Buy | 52.0% |
| Oct 1, 2026 | TD Cowen | Krish Sankar | $1,600 | Maintained | Buy | 47.4% |
| Oct 1, 2026 | RBC Capital | Srini Pajjuri | $1,500 | Maintained | Outperform | 38.2% |
| Oct 1, 2026 | Morgan Stanley | Joseph Moore | $1,200 | Maintained | Overweight | 10.6% |
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