Analysts reiterate bullish ratings on Micron after strong Q4 results and tight supply outlook
Micron Technology reported fiscal fourth‑quarter 2026 earnings of $33.42 per share on revenue of $54.23 billion, beating estimates. The results prompted multiple sell‑side firms to reaffirm Outperform or Buy ratings and raise price targets, citing robust AI‑driven demand and an expected tightening of DRAM supply through 2027‑2028. Analysts also highlighted Micron’s plan to return free cash flow via buybacks and its expectation of strong margin expansion.
Why it matters
RBC Capital, Raymond James, BMO, Wedbush, Morgan Stanley, Deutsche Bank, Baird, and UBS all issued higher price targets, suggesting upside potential for investors (RBC, Raymond James, and others). The firm’s projected $130 billion of free cash flow from Q2 2027 to Q1 2028 indicates substantial capital that could be returned to shareholders.
Key facts
- 1Micron posted adjusted earnings of $33.42 per share in Q4 2026. investing.com
- 2Q4 2026 revenue was $54.23 billion. investing.com
- 3RBC Capital maintained an Outperform rating with a $1,500 price target. investing.com
- 4Raymond James reiterated an Outperform rating with a $1,500 price target. investing.com
- 5BMO Capital set an Outperform rating and a $1,300 price target. investing.com
- 6Wedbush gave an Outperform rating and a $1,400 price target. investing.com
Open questions
- Material 10 reports Q4 revenue of $41.46 billion, which conflicts with the $54.23 billion figure reported in other sources.
- Material 10 gives a net profit of $28.24 billion, differing from the earnings per share figure in other materials.
Summary written by AlphAI from 10 of 10 sources. Not investment advice. Figures are as stated by the linked sources.