Analysts upgraded Micron Technology’s 2026 statutory forecasts, signaling a significant improvement in expected business performance.
The consensus revenue estimate rose to $109 billion, up from the previous $80 billion forecast. This new target represents an 87% increase compared to the company's performance over the last 12 months.
Statutory earnings per share (EPS) projections surged 171% to $58.05. This replaces the prior estimate of $34.26 per share.
Analysts raised the price target for Micron stock by 21% to $516 per share.
Accelerating demand for products tied to artificial intelligence growth drove the bullish outlook.