D.A. Davidson raises target for Micron Technology stock from USD 2,100.00 to USD 3,000.00

Published on 10/21/2026 at 10:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Micron guides for USD 61.5 billion in fiscal Q1 2027. Micron Technology stock costs EUR 815.25 on October 21, 2026, versus EUR 810.90.

Analyst target and earnings outlook

D.A. Davidson raised its Micron target on October 7, 2026, citing prolonged memory shortages.
Fiscal first-quarter 2027 revenue guidance is USD 61.5 billion plus or minus USD 1.5 billion.
Micron Technology stock trades at EUR 815.25 at 10:40 a.m. CEST at Lang & Schwarz on October 21, 2026, 0.54 percent above the Xetra close of October 20, 2026.

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Micron Technology (ISIN US5951121038) was trading at EUR 815.25 at Lang & Schwarz on October 21, 2026 at 10:40 a.m. CEST, up 0.54 percent versus the Xetra close of October 20, 2026. D.A. Davidson raised its 12-month price target for Micron from USD 2,100.00 to USD 3,000.00 on October 7, 2026, according to Ground News.

Target reaches USD 3,000

D.A. Davidson analyst Gil Luria kept a Buy rating while lifting the target from USD 2,100.00 to USD 3,000.00. The report linked the higher valuation to artificial intelligence demand and memory shortages that could keep demand ahead of supply through 2027 and 2028.

The target move followed Micron's record fiscal fourth-quarter and full-year results. The company reported fiscal fourth-quarter revenue of USD 54.23 billion for the period ended September 3, 2026, up 379 percent from the same period a year earlier, while non-GAAP diluted earnings per share reached USD 33.42.

What does guidance mean?

Micron Technology guided for fiscal first-quarter 2027 revenue of USD 61.5 billion plus or minus USD 1.5 billion and non-GAAP diluted earnings per share of USD 38.15 plus or minus USD 1.00. The non-GAAP gross-margin outlook is 86.25 percent, compared with 87.00 percent in fiscal fourth-quarter 2026, making execution and capital spending central to the next update.

Three dated Micron events

On September 30, 2026, Micron reported fiscal fourth-quarter revenue of USD 54.23 billion and fiscal-year revenue of USD 133.19 billion. On October 7, 2026, D.A. Davidson raised its target to USD 3,000.00 from USD 2,100.00. On October 21, 2026, the company scheduled a technology webinar focused on its memory products and artificial intelligence strategy, as listed on its investor-relations page.

Dates for the next update

Micron declared a quarterly dividend of USD 0.15 per share on September 30, 2026, payable on October 29, 2026, to shareholders of record as of October 14, 2026, according to the company release.

Stock stays below its yearly high

Micron Technology stock remains below its EUR 1,102.60 52-week high and above its EUR 165.86 low as of October 21, 2026. The current market value is EUR 929.9 billion, while the latest fiscal-year operating cash flow reached USD 89.68 billion.

The further course of trading is shown by the continuously updated real-time quote of Micron Technology stock.