Micron Rises 5% After Stifel Reaffirms Buy, Sets $1,500 Target
Updated
Updated · Yahoo Finance · Sep 21
Micron Rises 5% After Stifel Reaffirms Buy, Sets $1,500 Target
3 articles · Updated · Yahoo Finance · Sep 21
Summary
Micron shares climbed nearly 5% early Monday before easing to a 1.8% gain by 10:10 a.m. ET after Stifel reiterated its buy rating and $1,500 price target.
Brian Chin kept a bullish stance ahead of Micron's Sept. 30 Q4 report, arguing the memory upcycle remains underappreciated even if earnings beats become smaller than in recent quarters.
Stifel said more revenue now comes from supply agreements with locked-in pricing, making results more predictable and reducing the chance of large upside surprises.
Wall Street expects sales to surge 350% to $51 billion and earnings to jump 10-fold to $31.35 a share, while Stifel sees DRAM and HBM undersupply supporting 15% to 20% volume growth through 2027.
With fixed-price contracts capping earnings surprises, could Micron's predictable revenue actually stall its stock momentum despite the AI memory boom?
Could persistent bottlenecks in advanced packaging delay AI infrastructure rollouts even if Micron meets its $100 billion in performance obligations?
As memory giants cut independent module makers' supply by 70% in 2026, will this structural shortage derail broader tech manufacturing?