Micron Technology reported record fourth-quarter results, achieving $54.2 billion in revenue and an adjusted EPS of $33.42, both surpassing expectations. Growth is broad-based, led by data center SSD and non-HBM segments, with strategic deals securing $150 billion in revenue through 2030. The analyst raised the 12-month price target to $1,232, citing strong margins, a $68 billion net cash position, and undervalued stock multiples under 10 times earnings. While short-term stock movement may be limited due to multiple compression, long-term fundamentals and upcoming share buybacks support a Buy rating.
Micron Technology shares trade at USD 981.50 on Pluang as of Oct 12, 2026 21:41 WIB, down 4.62% for the day but still well above its 52-week low of USD 181.60. The current price remains below the 52-week high of USD 1.21K, highlighting some room for growth despite recent multiple compression. With a market cap of $1.16 trillion and a dividend yield of 0.06%, Micron shows strong scale but limited income return compared to its price volatility.
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