Micron, Snowflake, Chubb And A Big Bank On CNBC’s ‘Final Trades’

Micron Technology (MU) received an increased price target of $2,100 from DA Davidson, the highest on Wall Street, with a Buy rating. Rosenblatt also raised its target to $1,900. The stock rose 3.03% on October 1, closing at $1,097.39. Analysts cite strong earnings, high gross margins, and significant free cash flow as reasons for optimism, though some skeptics point to potential new supply and historical trends.

Micron Technology (NASDAQ:MU) reported a 526% year-over-year increase in NAND revenue to $14.1 billion in Q4, driven by AI data center demand. According to MS Hwang of Counterpoint Research, AI systems require more storage as they process larger datasets. Micron's data-center SSD revenue reached nearly $10 billion, up over tenfold from the previous year. NAND prices rose about 30% sequentially. The company's ability to produce both DRAM and NAND provides flexibility.

Micron Technology (MU) reported a 526% year-over-year increase in NAND revenue to $14.1 billion in Q4, driven by AI data center demand. According to MS Hwang of Counterpoint Research, AI systems require more storage due to larger datasets. Micron's data-center SSD revenue reached nearly $10 billion, up over tenfold from the previous year. NAND prices rose about 30% sequentially, with cloud providers accelerating purchases amid tighter supply.

Micron reported record Q4 revenue of $54.23 billion, up 31% from Q3 and 381% YoY, driven by AI demand. Non-GAAP EPS was $33.42, with strong margins. Guidance for Q1 2027 projects $61.5 billion revenue, a 13% sequential increase. HBM demand surged, and long-term supply agreements rose to $32 billion. Data center revenue grew significantly, with strong margins. Management expects tight supply-demand conditions through 2028.

Micron reported fiscal Q4 2026 revenue of $54.23 billion, up nearly fivefold year-over-year, with an 87% gross margin. Its Mobile and Client unit had an 88% operating margin but shipped less memory. Micron expects fiscal Q1 2027 revenue of $61.5 billion ± $1.5 billion, with an 86.25% gross margin.

Micron (MU) received a Buy rating and $1,500 price target from RBC Capital's Srini Pajjuri, who has a 76.16% success rate. D.A. Davidson also issued a Buy, while Goldman Sachs maintained a Hold. Micron reported Q4 revenue of $41.46B and net profit of $28.24B, up from $9.3B and $1.89B last year. Insider sentiment is negative, with recent sales by directors.