Here’s What Wall Street Thinks About Micron Technology (MU)

Micron Technology, Inc. (NASDAQ:MU) is one of the best affordable stocks with good earnings growth for 2026. Rosenblatt Securities analyst Kevin Cassidy raised the price target on Micron Technology, Inc. (NASDAQ:MU) to $300 to $500 on December 18 while reaffirming a Buy rating on the shares. The same day, Deutsche Bank also lifted the price target on the stock to $300 from $280 while keeping a Buy rating.

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Both the ratings came after Micron Technology, Inc. (NASDAQ:MU) reported its fiscal Q1 2026 results on December 17 that exceeded Wall Street expectations. Deutsche Bank told investors that Micron Technology, Inc. (NASDAQ:MU) reported “another stunning” quarter and outlook, surpassing “lofty” expectations on pricing and gross margin strength. It added that the company’s disciplined spending and solid technological execution are leading to a “paradigm shift in the memory sector”.

Micron Technology, Inc. (NASDAQ:MU) reported that revenue for fiscal Q1 2025 reached $13.64 billion compared to $11.32 billion for the prior quarter and $8.71 billion for the same period last year. It delivered record revenue and substantial margin expansion, and the company’s Q2 outlook reflects considerable records across EPS, free cash flow, gross margin, and revenue as it expects its business performance to continue strengthening through fiscal 2026.

Micron Technology, Inc. (NASDAQ:MU) provides innovative memory and storage solutions. Its operations are divided into the following segments: Compute and Networking Business Unit (CNBU), Mobile Business Unit (MBU), Embedded Business Unit (EBU), and Storage Business Unit (SBU).

While we acknowledge the potential of MU to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MU and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.