Micron Technology (NASDAQ: IN) has received another nod from Wall Street, with TD Cowen reiterating its ‘Buy’ rating and maintaining a $1,600 price target on the memory-chip giant.
The target represents a 63% upside from Micron’s long-term stock price of $979.
The company’s analyst Krish Sankar also expressed confidence in the company’s long-term growth, pointing to continued demand for recall and restraint products expected to continue through 2027.
TD Cowen’s settlement follows business meetings with Micron’s Chief Executive Officer Sanjay Mehrotra and Chief Financial Officer Mark Murphy.
The company highlighted the strong industry demand, noting that production constraints continue to ease while demand remains strong in key markets.
One of the company’s main focuses is Supply Constraint Agreements (SCAs), which give customers access to memory products while giving Micron greater financial visibility.
TD Cowen estimates that about 50% of Micron’s total revenue could eventually be covered by such contracts, helping the company maintain long-term cost stability and profitability.
The analyst also said that with the continued strength of the DRAM market, recent checks show that sales prices may rise by more than 15% during this period.
Demand for high-bandwidth memory (HBM), DRAM, and NAND products remains high as investment in smart devices continues to rise.
Wall Street is bullish on the price of MU
A group of analysts remain optimistic on the stock. According to estimates of 30 Wall Street experts on TipRanksMicron has a ‘Strong Buy’, with 29 buy recommendations, one rating, and no sell.
The 12-month average price is around $1,564, with a high target of $2,200 and a low of $1,100.
Overall, Micron has emerged as one of the biggest beneficiaries of AI-powered memory. The stock has made remarkable gains over the past year, rising from two levels to trade at around $1,000, although shares have experienced some volatility in recent weeks amid the semiconductor crisis.
Opinions of the company Micron Stock
Company news finances results have strengthened the bullish narrative. For the third quarter of 2026, Micron reported revenue of $41.46 billion, representing a 346% year-over-year increase, while adjusted earnings per share reached $25.11, comfortably ahead of analysts’ expectations.
Management also issued a fourth-quarter revenue guidance of about $50 billion, indicating continued growth in its business.
Beyond the power requirements of the moment, Micron is also expanding its product range. The company recently increased its long-term US commitment to $250 billion through 2035 as it aims to expand domestic DRAM production capacity and increase demand for AI memory solutions.
