Micron Stock Gets A Price Target Hike From Stifel Ahead Of Q4 Earnings – Find Out More

Micron Technology (MU) stock received a revised price target from Stifel, which raised its target to $173 from $145 ahead of the company’s quarterly results on Tuesday, noting sustained gross margin expansion due to the "significant drawdown" in memory inventory exiting the August quarter.

Stifel maintained a ‘Buy’ rating on Micron, according to TheFly. Micron said it expects revenue of $10.7 billion, plus or minus $300 million, and an adjusted earnings per share (EPS) of $2.50, plus or minus $0.15, compared to Wall Street expectations of $11.08 billion and $2.85, respectively, according to Fiscal AI data.

Retail sentiment on Micron remained unchanged in ‘bullish’ territory, with message volumes at ‘high’ levels, according to data from Stocktwits. Shares of the company were up nearly 1% in early trading.

Stifel said that it estimates bit-shipment growth for NAND in 2026 to accelerate and exceed expectations, and that it expects Micron to guide fiscal 2026 capital expenditures higher year-over-year, but less than revenue growth.

Last week, TD Cowen raised its price target on Micron to $180 from $150 and maintained a ‘Buy’ rating on the shares. The firm noted that the stock will continue its outperformance in the short term as checks continue to support that momentum.

Barclays analyst Tom O'Malley raised the firm's price target on Micron to $175 from $140 and sees near-term NAND upside. Shares of Micron have gained 94% this year and increased by 75% over the last 12 months. 

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Also See: Apple Stock Rises Premarket: Analyst Sees ‘Ryder Cup Bethpage Moment’ For Cupertino On iPhone 17 Uptake Strength

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