Rosenblatt maintains Buy rating on Micron Technology, $1900 price target

Global bond yields surged, with the 10-year US Treasury yield hitting 5.34% before retreating. Micron's strong earnings boosted tech stocks, highlighting AI chip demand. European shares initially fell but recovered. Oil prices remained elevated due to geopolitical tensions. Analysts debate bond market sustainability and interest rate expectations.

Baird reiterated an Outperform rating on Micron Technology (MU) with a $1,520 price target, citing tighter DRAM supply and strong AI demand. Micron expects DRAM supply to be tighter in 2027-2028, with bit growth in the low 20% range. The company reported Q4 revenue of $54.2 billion, up 31% from the previous quarter. Analysts from Stifel, Needham, and Goldman Sachs commented on the results, with varying price targets and ratings.

Cantor Fitzgerald reiterated an Overweight rating and $2,000 price target on Micron (MU) due to valuation and supply dynamics. Micron's stock surged 486% in the past year, with strong AI demand driving performance. The company expects supply shortages until 2028, with high output committed through agreements. Q4 revenue was $54.2B, exceeding estimates, and guidance was raised. Analysts have mixed price targets, ranging from $1,250 to $2,000.

Micron (MU) reported Q4 2026 revenue of $54.23B, driven by AI-related demand. Non-GAAP EPS was $33.42. Q1 2027 guidance: revenue $60B-$63B, non-GAAP EPS $37.15-$39.15. Management highlighted strong data center and automotive markets but noted supply constraints and market volatility.

Micron MU reported strong Q4 earnings and guidance, driven by data center revenue growth. Eli Lilly LLY announced positive results in a weight loss trial. Paramount Global PARA and Warner Bros. Discovery WBD merger was approved. Oracle ORCL shares rose on upbeat guidance. Nike NKE, McCormick MKC, and others are set to report earnings today.

Micron (MU) reported stronger-than-expected Q4 earnings and raised guidance, citing strong AI demand. Shares were flat in premarket trading. TSX futures fell slightly amid bond-market selloff and oil price volatility. U.S. futures inched higher, with Nasdaq leading gains. Nike earnings are due after the bell.