Micron (MU) Stock: Analyst Price Targets, Earnings Preview and Insider Sales
TLDR
- Micron stock rose 3.1% to $1,030.52, with Q4 earnings due September 30.
- Adjusted EPS expected to jump to $30.89 from $2.84 a year earlier; revenue forecast at $50.41 billion.
- UBS expects memory chip average selling prices to rise over 20% in Q3, with undersupply lasting into 2027.
- Consensus analyst rating is โBuyโ with an average price target of $1,295.63.
- Insiders sold roughly $182.2 million worth of stock over the last quarter.
Micron Technology (MU) stock climbed 3.1% to $1,030.52 in morning trading on Wednesday, September 9, as investors positioned ahead of the companyโs fiscal fourth-quarter earnings report due September 30.
The gain came even as the broader market dipped, with the S&P 500 down 0.4%. South Korean peer SK Hynix also moved higher, with its American depositary receipts up 4.5%.
Wall Street is expecting a dramatic year-over-year profit jump. Adjusted earnings per share are forecast at $30.89, up from $2.84 in the same period last year. Revenue is expected to come in at $50.41 billion, nearly five times the prior year figure.
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