JPMorgan reaffirmed its Overweight rating and $1,540 price target on Micron ahead of its earnings report, citing strong pricing momentum and tight memory market conditions. Analyst Arlan Sur expects Micron to beat revenue, margin, and earnings estimates for the August quarter and anticipates raised guidance for the November quarter due to robust demand and growth in HBM4 shipments. Meanwhile, Baird raised its price target to $1,520 despite an Underperform rating, driven by strong agentic AI demand boosting CPU needs, slower DRAM supply growth in 2027, and expected persistent memory shortages. Both firms highlight positive outlooks for Micron amid structural tightness in DRAM and NAND markets and growing AI-related demand.
Micron Technology trades at USD 1,070.55 on Pluang as of Sep 28, 2026 19:43 WIB, down 1.08% for the day. The stock's market cap stands at $1.22 trillion, reflecting its significant size despite the recent dip. This trading context provides a backdrop to JPMorgan's reaffirmed Overweight rating and $1,540 price target ahead of Micron's earnings report, highlighting the ongoing investor interest in the memory market sector.
Micron Technology's stock has surged 590% in the past year, reflecting high market expectations for growth amid a tightening memory chip market. Despite strong supply chain advantages, the company faces increasing competition, especially from Samsung...
Micron (MU) is experiencing strong pricing power and margin expansion due to a severe supply bottleneck in HBM4 and DRAM memory chips. Its gross margin has surged to 84% and is expected to reach 86%, with revenue and earnings per share growth driven ...
Micron Technology is facing extremely bullish options positioning ahead of its Q4 earnings report on September 30. Analysts forecast strong revenue and earnings growth driven by AI demand, but sustained share gains may require a significant upside su...
Micron Technology is rated a Strong Buy ahead of its fiscal Q4 earnings report due September 30, driven by constrained memory supply and strong demand from AI applications. Earnings estimates have risen sharply, with expectations that Micron will bea...
September defied its usual bearish trend with the Nasdaq-100 reaching new highs and the S&P 500 nearing its peak. The upcoming PCE inflation report is expected to cause market volatility, presenting a tactical opportunity to buy on dips. The strategy...
