Stifel reiterated its Buy rating and a $1,500 price target on Micron Technology stock. The firm anticipates continued strength in the memory market cycle. Stifel expects Micron's upcoming quarterly results and forward guidance to surpass consensus estimates. The firm cites ongoing favorable conditions for memory demand.
An analyst from The Motley Fool predicts Micron's profits could potentially surpass Microsoft's. This could occur by fiscal year 2027. The forecast is contingent on the stability of memory prices. The forecast is based on Micron's guidance for its fourth quarter of fiscal 2026. Micron's guidance suggests a significant ramp-up in profitability.