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Micron 'super bull' reiterates $2,000 target ahead of earnings

D.A. Davidson analyst Gil Luria reaffirmed a $2,000 price target for Micron Technology ahead of the company's fiscal fourth-quarter earnings release. Luria described the current market environment as a trinity super cycle across graphics processing units, central processing units, and memory. Surging artificial intelligence demand alongside lagging supply creates a valuation mismatch, leaving Micron with a price-to-earnings ratio far lower than peers like Advanced Micro Devices and Intel. Meanwhile, Wall Street overall maintains 36 buys, 9 outperforms, 3 holds, 1 underperform, and 1 sell, with a mean target of $1,521 sitting above the prior $1,065 share price.

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  • ✓ D.A. Davidson analyst Gil Luria reaffirmed a $2,000 price target on Micron ahead of its earnings release.
  • ✓ Micron stock returned 550% over the past year and reported fiscal Q4 results after the close on September 30.
  • ✓ The Street carries 36 buys, 9 outperforms, 3 holds, 1 underperform and 1 sell, with a $1,521 mean target.
  • ✓ Baird raised its Micron stock target on higher DRAM pricing assumptions.
🛡️ Source Corroboration: 18 independent reporting domains (95% confidence) ⏱ Read time: ~2 min

What changed

D.A. Davidson analyst Gil Luria reiterated his $2,000 price target for Micron Technology ahead of the fiscal fourth-quarter earnings report.

Live updates

  1. Micron Super Bull Reaffirms $2,000 Target Ahead of Q4 Earnings

    D.A. Davidson analyst Gil Luria reaffirmed a $2,000 price target for Micron Technology ahead of the company's fiscal fourth-quarter earnings release. Luria described the current market environment as a trinity super cycle across graphics processing units, central processing units, and memory. Surging artificial intelligence demand alongside lagging supply creates a valuation mismatch, leaving Micron with a price-to-earnings ratio far lower than peers like Advanced Micro Devices and Intel. Meanwhile, Wall Street overall maintains 36 buys, 9 outperforms, 3 holds, 1 underperform, and 1 sell, with a mean target of $1,521 sitting above the prior $1,065 share price.

    Why it matters

    Micron Technology operates as the sole major American computer memory manufacturer, competing alongside South Korean firms Samsung Electronics and SK Hynix. The company designs dynamic random-access memory, flash memory, High Bandwidth Memory, and solid-state drives that power compute-intensive artificial intelligence tasks. JPMorgan analysts project the High Bandwidth Memory shortage to persist for two more years, fueling ongoing pricing momentum across the sector.

    What is confirmed

    • D.A. Davidson analyst Gil Luria reaffirmed a $2,000 price target on Micron ahead of its earnings release.
    • Micron stock returned 550% over the past year and reported fiscal Q4 results after the close on September 30.
    • The Street carries 36 buys, 9 outperforms, 3 holds, 1 underperform and 1 sell, with a $1,521 mean target.
    • Baird raised its Micron stock target on higher DRAM pricing assumptions.
    • JPMorgan sees two more years of High Bandwidth Memory shortages.

    Still unconfirmed

    • Analyst Jill Loria of D.A. Davidson is among the most aggressive Wall Street bulls on Micron Technology.

    What to watch next

    • Monitor Micron's post-earnings stock price movement and quarterly financial guidance.
    • Track further semiconductor price adjustments and supply updates for High Bandwidth Memory.
    Sources used for this update (22)
    1. stockanalysis.com — Micron Technology (MU) Stock Price & Overview
    2. Barron's — Micron Stock Is Falling but This Is the Next Catalyst
    3. Seeking Alpha — Micron's Stock Faces Another Post-Earnings Plunge (NASDAQ:MU)
    4. Yahoo Finance — Micron 'super bull' reiterates $2,000 target ahead of earnings
    5. Investing.com — Micron stock target raised at Baird on higher DRAM pricing assumptions
    6. Benzinga — Micron Heads Into Earnings, JPMorgan Sees 2 More Years Of HBM Shortage - Micron Technology (NASDAQ:MU)
    7. Zacks Investment Research — Should You Buy, Hold, or Sell Micron Stock Ahead of Q4 Earnings?
    8. Yahoo Finance — Is Micron Stock a Sell After This Weekend's Negative AI News?
    9. The Motley Fool — Prediction: Sept. 30 Will Be a Big Day for the Stock Market. Here Are 2 Stocks to Buy Hand Over Fist Before That
    10. finance.yahoo.com — Micron Stock Is Up 550% in a Year. Analysts Now Target 42% More.
    11. finance.yahoo.com — Micron 'super bull' reiterates $2,000 target ahead of earnings
    12. longbridge.com — Memory Super Cycle Continues! Super Bull Reiterates $2,000 ...
    confidence 95%
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