Micron Analysts Raise Average Price Target to $1,501.98 as 2027 Revenue Forecast Hits $239.84 Billion
Updated
Updated · Barchart · Aug 14
Micron Analysts Raise Average Price Target to $1,501.98 as 2027 Revenue Forecast Hits $239.84 Billion
2 articles · Updated · Barchart · Aug 14
Summary
$1,501.98 is the new average analyst price target for Micron, up from $1,486 a month ago and implying more than 58% upside from Thursday’s $949.83 close.
$239.84 billion is the latest average revenue forecast for the year ending August 2027, up from $235.24 billion in July and $225.71 billion in June, underpinning the higher targets.
Using a 45% free-cash-flow margin and a 5% yield, the report estimates Micron’s equity value at about $2,158 billion, or roughly $1,909.16 a share—about 101% above its current market cap.
$900 September 11 puts offer a midpoint premium of $43.78, giving sellers a 4.864% one-month yield and an $856.22 breakeven entry price if the stock is assigned.
The options case leans on a recent example: a July short-put trade would now show a 7.87% unrealized gain versus 1.22% for simply holding Micron shares over the same period.