Micron Stock Gets Stunning Price Target Hike Just Before Earnings
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Micron Stock Gets Stunning Price Target Hike Just Before Earnings Nauman Khan Mon, September 28, 2026 at 3:14 PM EDT 1 min read MU AMD INTC This article first appeared on GuruFocus . Micron Technology ( MU ) is entering its Sept. 30 earnings release with a higher price target from Baird analyst Tristan Gerra, who lifted his objective to $1,520 from $1,280 while retaining a Buy rating. The revised target reflects expectations for continued demand tied to artificial intelligence infrastructure. Gerra said server deployments using AMD and Intel CPUs could lift demand for dynamic random-access memory, or DRAM, as AI workloads expand. Warning! GuruFocus has detected 5 Warning Signs with MU. Is MU fairly valued? Test your thesis with our free DCF calculator. Gerra expects AI-related CPU demand to increase about 40% in 2027. He also sees DRAM supply growth slowing to around 20% next year from more than 30% in 2026, a setup that could keep pressure on memory prices in check. Pricing assumptions are also moving higher. He expects DRAM contract prices to rise 20% sequentially in the September quarter and another 10% in December, while enterprise DDR5 and NAND prices are also projected to advance.
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