Micron Technology stock: Rosenblatt reiterates USD 1,900 target for Micron Technology stock

Published on 10/23/2026 at 15:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Micron pays USD 0.15 on October 29, 2026. Micron Technology stock costs EUR 773.50 on October 23, 2026, down 1.87 percent versus the Xetra close.

Rosenblatt target and fiscal results

Rosenblatt Securities reiterated a Buy rating and set a USD 1,900.00 target on October 22, 2026.
Micron reported USD 54.23 billion of fiscal fourth-quarter revenue, up 379.10 percent year over year.
Micron Technology stock costs EUR 773.50 at Lang & Schwarz on October 23, 2026 at 3:34 p.m. CEST, 1.87 percent below the Xetra close of October 22, 2026 and 38.37 percent below the 52-week high.
Micron will pay a USD 0.15 dividend on October 29, 2026.

Redaktionsfoto eines geschäftigen Börsenparketts mit großen digitalen Kursanzeigetafeln in Grün und Rot, Händler an Arbeitsplätzen mit mehreren Monitoren, dynamische Atmosphäre — Micron Technology US5951121038 NASDAQ Börsenparkett mit digitalen Kursanzeigen als dynamisches Editorial Foto, Illustration mit AI erstellt.

Micron Technology stock (ISIN US5951121038) is trading at EUR 773.50 at Lang & Schwarz on October 23, 2026 at 3:34 p.m. CEST, down 1.87 percent versus the Xetra close of October 22, 2026 at EUR 788.20. On October 22, 2026, MarketBeat reported that Rosenblatt Securities reiterated a Buy rating and set a USD 1,900.00 price target.

Fiscal revenue reached USD 54.23 billion

Micron's latest reported quarter ended September 3, 2026. According to Micron Technology, fiscal fourth-quarter revenue was USD 54.23 billion, compared with USD 11.32 billion in the same quarter of fiscal 2025, a 379.10 percent increase. GAAP net income reached USD 37.70 billion, or USD 32.87 diluted earnings per share, while non-GAAP diluted earnings per share was USD 33.42.

The company guided fiscal first-quarter 2027 revenue to USD 61.50 billion plus or minus USD 1.50 billion. Its non-GAAP gross-margin outlook was 86.25 percent, compared with 87.00 percent in fiscal fourth-quarter 2026.

Stock remains below its yearly high

The primary Nasdaq quote was USD 876.29 on October 23, 2026 at 9:43 a.m. ET. Micron's 52-week range was USD 192.59 to USD 1,255.00 as of October 23, 2026, leaving the Nasdaq price 30.18 percent below the high. Year-to-date performance stood at 212.47 percent on October 22, 2026, while the reported volume was 3,011,145 shares.

What does the next date add?

Micron's board declared a quarterly dividend of USD 0.15 on September 30, 2026, payable on October 29, 2026, according to the company release. The same release reported fiscal 2026 revenue of USD 133.19 billion, compared with USD 37.38 billion in fiscal 2025, while operating cash flow rose to USD 89.68 billion from USD 17.53 billion.

Valuation and investor perspective

Micron's market capitalization was USD 991.5 billion and its price-to-earnings ratio was 11.81 as of October 23, 2026. The USD 1,900.00 Rosenblatt target therefore sits above the current Nasdaq quote, but the report supplied no prior Rosenblatt target for a target-change calculation.

Trading position

For investors, the relevant contrast is between exceptional operating figures and a stock that remains below its recent high. The fiscal fourth-quarter revenue increase and the next-quarter revenue outlook provide measurable operating context, while the October 22 analyst target adds a separate valuation reference.

Price after the Xetra close

Micron Technology stock was trading at EUR 773.50 at Lang & Schwarz on October 23, 2026 at 3:34 p.m. CEST, down 1.87 percent from the Xetra close of October 22, 2026 at EUR 788.20. The Nasdaq quote was USD 876.29 on October 23, 2026 at 9:43 a.m. ET. The further course of trading is shown by the continuously updated real-time quote of Micron Technology stock.