Wall Street Sees Plenty of Upside in Micron Despite the Recent Dip
Wall Street analysts see a 47% upside in Micron despite a recent dip in stock price, citing the company's strong fundamentals and growth prospects. Micron's revenue guidance and sold-out HBM supply for 2026 suggest a positive outlook, with analysts largely unmoved by the recent sector-wide selloff.
Micron is trading at $357.22, with a consensus price target of $527.60. The company guides to $33.5B in Q3 FY2026 revenue and 67% gross margin. HBM4 memory for Nvidia's Vera Rubin platform is in mass production, and calendar 2026 HBM supply is fully sold out. Analysts rate the stock Buy or Strong Buy, citing strong fundamentals and growth prospects.
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