Vandita Jadeja
5 min read
Quick Read
-
Micron delivered its 8th straight earnings beat with Q4 revenue up 379% year over year, yet shares remain 15% below their monthly high.
-
Micron trades at just 12x trailing earnings versus NVIDIA’s 42x, while posting 87% gross margins that dwarf Western Digital’s 58%.
-
More than 75% of Micron’s fiscal 2027 shipments are already committed across 26 Strategic Customer Agreements running through 2030.
-
Just released. Our analysts combed the entire stock market and named the ten best stocks to buy right now, and Micron Technology didn’t make the cut. Enter your email to see the names that beat MU. The report is free. Enter your email and see if any of your stocks made the cut.
Our 24/7 Wall St. price target for Micron Technology (NASDAQ:MU) is $987.56. That means 12.54% upside from Friday’s close of $877.55. Our model rates Micron a buy with high confidence. Shares were trading at $910.92 late Monday morning.
Everything hinges on fiscal first-quarter 2027 results. The report date is tentatively December 15, and Micron hasn’t confirmed it yet.
Management guided to revenue of $61.5B ± $1.5B and non-GAAP EPS of $38.15 ± $1.00. If Micron meets that bar while trading well below its highs, expectations could reset higher quickly.
Record Earnings Gave Way to a Sharp Monthly Pullback
Micron rose 3.65% over the past week, and Barron’s noted it led Friday’s chip rebound. The stock is still down 15% over the past month but up 219.41% year to date. Its 52-week range runs from $192.37 to $1,254.61.
Fiscal fourth-quarter revenue came in at $54.23B, ahead of the $50.97B estimate and up 379.3% from a year earlier. Non-GAAP EPS of $33.42 exceeded the $31.35 estimate, Micron’s 8th consecutive beat. The stock’s responses to good news have been rocky, though.
After a 23.79% beat in fiscal Q3, shares jumped 15.74% on the day and then fell 32.39% over the next 30 days.
——
Free Report, Just Released
Why Didn’t MU Make The Top 10 List?
24/7 Wall St has helped investors make money for over two decades, and our top analysts just finished ranking the definitive Top 10 Stocks To Buy Now. Not the ten biggest companies. Not the ten everyone is arguing about. The ten best stocks to buy right now.
And MU didn’t make the cut!
The report is free, and you can see why we think each stock is a top investment today.
Enter Your Email and See the Ten →
——
Why Bulls See $1,348 Within Reach
