Rosenblatt raises Micron stock price target on margin outlook

Micron (MU) reported Q4 earnings that surpassed expectations and provided a positive outlook for Q1. Erica Brescia, Managing Director at Redpoint Ventures, discussed the AI sector's growth on Bloomberg's 'The Close.'

Micron Technology reported record fiscal Q4 2026 revenue of $54.2B, up 31% sequentially and 379% YoY, with gross margin at 87% and EPS at $33.42. Full-year revenue was $133.2B, up 256% YoY. The company expects fiscal 2027 to be stronger, with Q1 guidance of $61.5B revenue and 86.25% gross margin. Operating expenses are projected to increase by $2.5B, and CapEx is expected to rise significantly.

Michael Burry swapped his short position in Micron Technology (MU) for put options expiring June 2027, betting the stock will halve. Micron reported record revenue of $54.2B, up 379% YoY, with strong margins. Management expects tight supply-demand conditions through 2028. Burry anticipates a memory down cycle due to production increases and AI bubble risks.

Micron Technology (MU) reported strong Q4 results and Q1 guidance, exceeding expectations. KeyBanc reiterated an Overweight rating and $1,750 price target. DRAM and NAND pricing increased, and the company signed 26 supply chain agreements. Analysts revised earnings upwards, with mixed valuations. MU shares are up 486% over the past year, with a $1.2T market cap.

BMO Capital reiterated its Outperform rating and $1,300 price target for Micron Technology (MU) after the company reported fiscal Q4 revenue of $54.2B, 6% above estimates, and guided Q1 revenue to $61.5B, 7% above expectations. MU shares have gained 273% YTD and 486% over the past year, with a $1.2T market cap. Analysts cite strong AI-driven demand and supply-demand imbalances as key drivers.

RBC Capital reiterated an Outperform rating and $1,500 price target on Micron (MU), citing strong AI demand and tighter supply-demand conditions. Micron reported Q4 2026 earnings of $33.42 per share on revenue of $54.23 billion, exceeding estimates. The company expects robust demand through 2028 and plans to return free cash flow via buybacks. RBC projects $130 billion in free cash flow from Q2 2027 to Q1 2028.