MU Beats Q3 Estimates

Micron Technology Inc. (NASDAQ: MU ) on Wednesday posted better-than-expected financial results for the third quarter of fiscal 2026 and issued strong guidance for the current quarter. 59 billion, according to Pro. 63 per share.

"Micron is investing at record levels in technology, products and supply to address our customers’ rapidly growing demand. We believe our multi-year Strategic Customer Agreements will significantly enhance the durability and predictability of Micron’s strong financial performance," said Sanjay Mehrotra, chairman, president and CEO of Micron. 95 billion. 50 per share.

88 on Thursday. These analysts made changes to their price targets on Micron following earnings announcement. Needham analyst N. Quinn Bolton maintained the stock with a Buy and raised the price target from $1,550 to $1,650.

B of A Securities analyst Vivek Arya maintained Micron with a Buy and raised the price target from $1,500 to $1,550. Keybanc analyst John Vinh maintained the stock with an Overweight rating and boosted the price target from $600 to $1600. Rosenblatt analyst Kevin Cassidy maintained Micron with a Buy and increased the price target from $1,200 to $1,500. Susquehanna analyst Mehdi Hosseini maintained the stock with a Positive and raised the price target from $1,750 to $2,000.

Considering buying MU stock? Here’s what analysts think: Photo via Shutterstock