Micron (MU) Stock Falls 12% But Analysts Keep Their Buy Ratings – Here’s Why
TLDR
- Micron stock is down 12% over the past month, trading around $861-$863, well below its June peak of over $1,200.
- Mizuho reiterated an Outperform rating with a $1,375 price target, citing a tight memory market through 2027.
- Micron’s last quarter crushed estimates: EPS of $25.11 vs. $21.39 expected, with revenue up 345.8% year over year.
- 35 analysts rate MU a Strong Buy or Buy, with a consensus price target of $1,260.31.
- Insiders sold around $167.8 million worth of stock over the past 90 days.
Micron (MU) stock opened at $861.00 on Tuesday, down about 12% over the past month and well off its 52-week high of $1,255.00.
The drop has raised eyebrows, but Wall Street analysts largely aren’t flinching.
The stock hit a peak of over $1,200 in late June, right after the company posted one of the strongest quarters in its history. EPS came in at $25.11, blowing past the $21.39 consensus. Revenue hit $41.46 billion, up 345.8% year over year.
The company also set Q4 2026 guidance at $30.00-$32.00 EPS, signaling more growth ahead.
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