Micron Stock Rally Fueled by Stifel Bullish Call Ahead of Q4 Earnings
Micron Technology (MU) rose about 5% in early trading after Stifel analyst Brian Chin reiterated a Buy rating and a $1,500 price target ahead of Micron’s Q4 report due Sept. 30. He sees substantial upside from an ongoing AI memory upcycle, with DRAM and HBM tightness supporting ambitious revenue and earnings growth (Wall Street eyes roughly $51B in sales and 10x earnings), though he notes the gains may come in a more measured pace. Pricing is increasingly set via long-term supply agreements, and chip volume could grow 15–20% through 2027 with higher margins. MU trades at under 23x earnings, making it attractive, though Motley Fool Stock Advisor did not include MU among its current top picks.