Analyst Consensus: Strong Buy
Out of the major Wall Street firms covering Micron, nearly all have issued or reiterated Buy, Strong Buy, or Outperform ratings following the June 24 earnings report. The driving force behind these ratings is the massive structural shift in how memory is sold, transitioning from a volatile spot market to long-term, locked-in contracts with hyperscalers.
Latest Price Targets
The wave of post-earnings upgrades has pushed the average target price significantly higher, with most major banks now aiming well above the current trading levels:
Average Consensus: ~$1,334 (up from pre-earnings averages near $1,022).
The Aggressive Targets: Firms like Bank of America, TD Cowen, and Cantor Fitzgerald have all recently hiked their targets to $1,500.
The High Watermark: UBS currently holds one of the highest targets at $1,625.
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