Analysts Lift Micron Price Target to $1,500 With 40% Upside
MU•TD Cowen and Cantor Fitzgerald raised Micron’s price target to $1,500, implying 40% upside from current levels and reflecting optimism on AI-driven memory demand. Shares trade at 9.7 times forward earnings versus the Nasdaq’s 25.5 and earnings on June 24 will test whether margins near 80% materialize.
1. Analyst Upgrades
TD Cowen and Cantor Fitzgerald raised Micron’s share price target to $1,500, implying roughly 40% upside based on current levels. Melius Research remains cautious at $1,100 while projecting $150 per share in 2027 earnings, citing potential buybacks and near 80% gross margins.
2. Valuation Comparison
Micron trades at about 9.74 times forward earnings, well below the Nasdaq Composite’s 25.5 multiple, suggesting a valuation discount despite an 800% year-over-year rally in memory-chip demand driven by AI applications.
3. Upcoming Earnings
The company will report earnings on June 24, where investors will look for evidence that AI-related memory demand is translating into sequential revenue growth and expanded profit margins.
