Quick Read – Micron (MU) holds a $955 price target, backed by 16 take-or-pay customer agreements and over $1 billion in HBM4 revenue already booked. – Micron outguns NVIDIA (NVDA) and Western Digital (WDC) on gross margin at 85% while trading at a forward P/E of just 6. – Act…
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Micron Technology (NASDAQ:MU) sits at the center of the AI memory trade. With NVIDIA (NASDAQ:NVDA) reporting later this week, the setup for its lead HBM supplier warrants careful pricing. Micron has run from the mid $120s a year ago to $910.43, and our proprietary model sees room to run into the earnings report.
Our 24/7 Wall St. price target for Micron is $954.59 over the next 12 months, implying 4.85% upside from Monday’s close. The model returns a hold at high confidence (90%), reflecting a stock near fair value after a violent revaluation but tethered to the strongest memory cycle on record. 24/7 Wall St. Price Target Summary From $120 to $900 in a Year Micron is up 674.9% over the past year and 219.19% year to date, but has cooled recently, falling 10.01% in the past week and 5.83% in the last session.