{"id":757987,"date":"2026-07-12T05:14:23","date_gmt":"2026-07-12T05:14:23","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/757987\/"},"modified":"2026-07-12T05:14:23","modified_gmt":"2026-07-12T05:14:23","slug":"wall-street-analyst-sets-micron-stock-price-target","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/757987\/","title":{"rendered":"Wall Street analyst sets Micron stock price target\u00a0"},"content":{"rendered":"

Micron Technology (NASDAQ: MU<\/a>) has received another bullish endorsement from Wall Street, with TD Cowen reiterating its \u2018Buy\u2019 rating and maintaining a $1,600 price target on the memory-chip giant.<\/p>\n

The target implies a 63% upside from Micron\u2019s press-time value of $979.\u00a0<\/p>\n

\"\"MU one-week stock price chart. Source: Finbold<\/p>\n

The firm\u2019s analyst Krish Sankar reaffirmed confidence in the company\u2019s long-term growth outlook, pointing to sustained demand for memory products and supply constraints that are expected to persist beyond 2027.<\/p>\n

TD Cowen\u2019s bullish stance follows investor meetings with Micron Chief Executive Officer Sanjay Mehrotra and Chief Financial Officer Mark Murphy.\u00a0<\/p>\n

The firm highlighted strong industry fundamentals, noting that physical production constraints continue to limit supply while demand remains robust across key end markets.<\/p>\n

A major component of the firm\u2019s thesis centers on Supply Constrainment Agreements (SCAs), which provide customers with guaranteed access to memory products while giving Micron greater revenue visibility.\u00a0<\/p>\n

TD Cowen estimates that nearly 50% of Micron\u2019s total revenue could eventually be covered by such agreements, helping the company secure long-term pricing stability and improve profitability.<\/p>\n

The analyst also pointed to continued tightness in the DRAM market, with recent industry checks indicating average selling prices could increase by more than 15% during the current quarter.<\/p>\n

Demand for high-bandwidth memory (HBM), DRAM, and NAND products remains elevated as artificial intelligence infrastructure spending continues to accelerate.<\/p>\n

Wall Street bullish on MU stock price\u00a0<\/p>\n

The broader analyst community remains overwhelmingly positive on the stock. According to consensus estimates from 30 Wall Street analysts over at TipRanks<\/a>, Micron carries a \u2018Strong Buy\u2019 rating, with 29 buy recommendations, one hold rating, and no sell ratings.<\/p>\n

\u00a0The average 12-month price target stands at approximately $1,564, while the highest target reaches $2,200 and the lowest sits at $1,100.<\/p>\n

\"\"MU 12-month stock price prediction. Source: TipRanks<\/p>\n

Overall, Micron has emerged as one of the biggest beneficiaries of the AI-driven memory boom. The stock has delivered extraordinary gains over the past year, climbing from double-digit levels to trade near $1,000, although shares have experienced heightened volatility in recent weeks amid broader semiconductor sector pullbacks.<\/p>\n

Micron stock fundamentals\u00a0<\/p>\n

The company\u2019s latest financial<\/a> results reinforced the bullish narrative. For the third quarter 2026, Micron reported revenue of $41.46 billion, representing a 346% year-over-year increase, while adjusted earnings per share came in at $25.11, comfortably ahead of analyst expectations.\u00a0<\/p>\n

Management also issued fourth-quarter revenue guidance of approximately $50 billion, signaling continued momentum across its business.<\/p>\n

Beyond near-term demand strength, Micron is also expanding its manufacturing footprint. The company recently increased its long-term U.S. investment commitment to $250 billion through 2035 as it seeks to expand domestic DRAM production capacity and capitalize on growing demand for AI-related memory solutions.<\/p>\n","protected":false},"excerpt":{"rendered":"Micron Technology (NASDAQ: MU) has received another bullish endorsement from Wall Street, with TD Cowen reiterating its \u2018Buy\u2019…\n","protected":false},"author":2,"featured_media":757988,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[28,2994,14326,25731,923],"class_list":["post-757987","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-investing","tag-micron","tag-mu-stock","tag-stocks"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/757987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=757987"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/757987\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/757988"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=757987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=757987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=757987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}