Micron Stock Gets a Big Wall Street Boost Ahead of Earnings
Higher prices and strong demand are setting Micron up for a massive quarter.
Overview
Micron Technology (NASDAQ:MU) has been on a great run all year, up 270% and among the best-performing stocks in the S&P 500. And now, as it prepares for its fiscal fourth-quarter 2026 earnings report on Sept. 30, Micron is getting additional respect from Wall Street.
Citi analyst Atif Malik raised his price target on Micron stock from $1,150 to $1,300 this week, citing stronger DRAM pricing and continued tight supply for computer memory and storage due to the build-out of artificial intelligence and data centers.
Details
Malik wrote in a note that he expects Micron to beat its fiscal fourth-quarter estimates as the DRAM and NAND markets remain under pressure. DRAM prices increased more than 60% in the company's third quarter, and NAND prices rose more than 80%.
Source
Originally published at www.fool.com.