Micron Technology received highly bullish outlooks from analysts, driven by the persistent global shortage of High-Bandwidth Memory (HBM) chips essential for AI data centers, which is expected to allow producers to dictate prices.
- TD Cowen raised its bull case 2026 earnings per share target to $60, suggesting a potential stock price of $600.
- Wall Street analysts are forecasting 2026 EPS of $33 and 2027 EPS of $42, projecting a fair valuation could reach $1,090.
- Shares of MU are consolidating today, trading slightly lower at $391.30 (-0.86%).