Micron Technology, Inc.

NASDAQ Global Select
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Bullish +75

Micron Technology (MU) Stock Forecast: Baird Raises Target to $1,520

Analyst upgrade Financial outlook AI-generated analysis

📈 Baird raised its 12-month price target to US$1,520 from US$1,280 and maintained an Outperform rating on Micron Technology.

📈 Wedbush reiterated its Outperform rating with a US$1,400 target, showing continued support for the stock ahead of earnings.

💰 Micron reported fiscal Q3 2026 revenue of US$41.46 billion, representing a significant increase from US$9.30 billion a year earlier.

🚀 Micron's guidance for fiscal Q4 includes approximately US$50 billion in revenue and an 86% gross margin.

💾 The company confirmed that its HBM4 product is now in high-volume shipment for a lead customer's platform.

📊 Analyst sentiment is rated as a Strong Buy with an average 12-month price target of $1,516 per share.

📉 Micron shares closed September 28 at US$1,053.98, down 2.61% for the session prior to the analyst updates.

Bullish Signals
  • Baird raised its 12-month price target to US$1,520 from US$1,280, signaling greater confidence in Micron's earnings potential.
  • Wedbush reiterated its Outperform rating with a US$1,400 target, indicating continued support for the stock ahead of earnings.
  • Micron reported fiscal Q3 2026 revenue of US$41.46 billion, up from US$9.30 billion a year earlier, demonstrating strong growth.
  • The company's guidance for fiscal Q4 calls for approximately US$50 billion in revenue and an 86% gross margin.
  • Micron announced that its HBM4 product is in high-volume shipment for a lead customer's platform, validating AI server demand.
  • Analyst sentiment is rated as a Strong Buy with an average 12-month price target of $1,516 per share.
Full Analysis
Micron Technology (MU) received two positive analyst updates on Monday as investors prepared for its fiscal fourth-quarter earnings report scheduled for Wednesday. Robert W. Baird raised its 12-month price target to US$1,520 from US$1,280 and maintained an Outperform rating, while Wedbush reiterated its Outperform rating with a US$1,400 target. Baird's increase of US$240 signals greater confidence in Micron's earnings potential, whereas Wedbush's unchanged target reflects continued support ahead of a potentially volatile earnings release. Micron shares closed September 28 at US$1,053.98, down 2.61% for the session, with analyst targets implying significant upside ranging from approximately 32.8% to 44.2% over the forecast horizon. The fundamental case for Micron centers on high-bandwidth memory and other memory products used in AI servers and data centres. In its most recent reported quarter, fiscal Q3 2026, revenue reached US$41.46 billion, up from US$9.30 billion a year earlier. Micron's guidance for fiscal Q4 calls for approximately US$50 billion in revenue, an 86% gross margin and US$31.00 in non-GAAP diluted earnings per share. The company also announced that its HBM4 product was in high-volume shipment for a lead customer's platform. These results and guidance help explain why analysts remain positive despite the stock's substantial advance. Micron's stock forecast currently shows a Strong Buy technical signal, while analyst sentiment is also rated as a Strong Buy with an average 12-month price target of $1,516 per share.