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Micron posts record quarter, raises guidance, eyes $1,500 target on AI-driven growth

Company Fundamentals
06 Oct 2026
Seeking Alpha
View Source
Bullish
Micron posts record quarter, raises guidance, eyes $1,500 target on AI-driven growth

Micron Technology reported a record-breaking quarter with strong revenues, margins, and a solid balance sheet, leading to raised guidance. Strategic customer contracts secure over 35% of revenue through 2030, enhancing visibility and pricing power in key memory markets like HBM and DRAM. The company plans increased capital returns after 2026 and continues share buybacks, supporting a bullish outlook despite industry risks. Analysts see a clear path to a $1,500 stock price within a year, driven by AI demand and robust fundamentals.

Micron Technology holds a market cap of $1.20 trillion as of Oct 06, 2026, 23:01 WIB, with a modest dividend yield of 0.06%. On Pluang, the stock is trading at USD 1,065.57, up 0.15% for the day, reflecting steady investor interest alongside a balanced order activity of 56% buy and 44% sell. The typical hold time of 48 days on Pluang indicates moderate-term investor engagement in this technology sector leader.

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