Rosenblatt Securities reissued its buy rating on Micron Technology (NASDAQ: MU) with a $1,900.00 price target in a report on Tuesday, according to Benzinga. Among analysts tracked by MarketBeat, the stock has an average rating of “Moderate Buy” (one Strong Buy, forty-one Buy and four Hold) and a consensus target of $1,407.88. Shares opened at $931.24 on Tuesday, within a 12-month range of $192.40 to $1,255.00. In its latest quarter, reported on September 30th, Micron posted EPS of $33.42 versus a $31.77 consensus and revenue of $54.23 billion, up 379.1% year over year. The article also notes insider sales, including CEO Sanjay Mehrotra selling 40,000 shares at an average of $968.90 in August.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Micron Technology ( MU ) Buy Rating Reiterated at Rosenblatt Securities
Read the original on themarketsdaily.com ↗
Related news
- Nebius Slides 3% Despite Rosenblatt's New Buy Rating; CoreWeave Slips
Nebius (NBIS) shares fell 3% to $214.99 even though Rosenblatt Securities initiated coverage with a Buy rating last Friday, ranking Nebius near the top of the neocloud group alongside CoreWeave. The stock is down 11% over the past week, while CoreWeave (CRWV) slipped 1% to $80.91. The article links the broader selloff to a disputed report on OpenAI's revenue run-rate, and says Nebius has issued no new announcement explaining the latest decline. Bullish points include a $37.5 billion backlog, Q2 2026 revenue of $582.3 million and FY2026 revenue guidance of $3 billion to $3.4 billion, but the stock trades below its 50-day moving average of $224.42. CoreWeave's $104 billion backlog comes with negative free cash flow of $5.74 billion.
- Micron Technology ( NASDAQ : MU ) Shares Up 1 . 9 % – Still a Buy ?
Micron shares rose 1.9% on Thursday, trading as high as $931.65 and last at $931.24, on volume of 38,262,255 shares, below the average of 41,195,492. Supporters point to tight memory supply and strong AI demand, with management expecting supply constraints could persist through 2028, after fiscal fourth-quarter revenue of about $54.2 billion beat the top of its outlook. The company also has a $35 billion share repurchase authorization and pledged $50 million to U.S. memory research. Several analysts see the recent retreat as a buying opportunity, but the article flags risks from CXMT's progress in DDR5 and server memory, possible industry oversupply later this decade, and broader pressure on AI stocks from inflation and possible rate hikes. A senior executive sold 6,328 shares on October 14, and the consensus rating is 'Moderate Buy' with a target of $1,407.88.
- Micron Technology (MU) Stock Is Down 24% From Its Peak. History Says $10,000 Invested Right Now Could Be Worth This Much by 2030
Micron's shares are down about 24% from their all-time high of 1,255 but up 445% over the past year, driven by AI data center demand for memory chips. Fourth-quarter net income reached $37.7 billion, up 1,077% year over year, with full-year net income near $85 billion. The article runs illustrative scenarios: a $10,000 stake growing 200% a year would reach $810,000 by late 2030, while 25% annual growth would yield over $24,000. It weighs factors on both sides, including a price-to-sales ratio of 8.5 versus a five-year average of 3.9, up to $35 billion in new buybacks, and competition from ChangXin Memory Technologies (CXMT). It also flags the risk that an AI slowdown could affect the outlook.
- Micron Technology , Inc . $MU Stock Sold by Merrion Investment Management Co LLC
Merrion Investment Management Co LLC cut its stake in Micron Technology (NASDAQ:MU) by 51.2% in the third quarter, leaving it with 1,813 shares after selling 1,900. The position, worth $1,931,000 at quarter-end, made up 0.8% of the fund's portfolio and was its 22nd largest holding. MU fell 5.6% ($52.40) to $878.84 on Friday, with a market capitalization of $994.34 billion. Micron's latest quarter brought revenue of $54.23 billion, up 379.1% year over year, and EPS of $33.42 that beat analyst estimates. The article also notes an average analyst rating of "Moderate Buy" and a quarterly dividend of $0.15.
- Living Reit ( LIVE ) Buy Rating Reaffirmed at Jefferies Financial Group
Jefferies Financial Group reaffirmed its 'buy' rating on Living Reit (LON:LIVE) in a research note issued on Thursday, with a GBX 80 price target implying potential upside of 11.42% from the current price. Shares opened at GBX 71.80 and were up 1.7%, with a 52-week range of GBX 68.70 to GBX 80.80 and a 50-day simple moving average of GBX 74.02. The company has a market capitalization of £330.29 million and a P/E ratio of 17.82, and its quarterly report released on September 24th showed earnings of GBX 3.42 per share. Formerly Social Housing REIT and renamed in July 2026, Living REIT is a UK-listed REIT investing in specialised supported housing, senior living and care homes to provide stable, inflation-aligned income.
- One Analyst Said SpaceX Has "Significant Moats" and Just Put a Buy Rating on the Stock. Is He Right?
Related markets
Latest news
- Nscale in talks for $45 billion Anthropic AI deal as IPO looms
Nscale is in talks to secure a computing deal worth about $45 billion with Anthropic, according to Bloomberg News, which could strengthen the Nvidia-backed data center developer's bid for a roughly $30 billion valuation in its planned IPO. The proposed agreement would cover a second building at Nscale's Monarch campus in West Virginia, delivering 460 megawatts of capacity powered by Nvidia's Vera Rubin chips, and could be finalized within days, though terms could still change. Anthropic already has infrastructure agreements with Nscale worth as much as $44.6 billion, according to Nscale's IPO filing, and holds a right of first refusal on the campus's anticipated third building. Investors are scrutinizing AI infrastructure economics, and Nscale faces questions similar to CoreWeave's about financing, execution and converting its backlog into cash flow, since its contracts are future commitments rather than collected cash. Representatives for Nscale and Anthropic declined to comment.
- Trump says he'd meet with Putin and Xi, criticizes Zelenskyy
President Donald Trump said he would meet Russian President Vladimir Putin and Chinese President Xi Jinping to discuss ending the Ukraine war, and suggested such a meeting could happen without Zelenskyy present. He said Russia and China have done 'very little' to help Tehran, which has been accused of receiving their support in its military efforts against the U.S. Trump also criticized Zelenskyy's reaction to his decision to waive new sanctions against Russia, saying Zelenskyy 'doesn't know what he's talking about' and should have settled the war long ago. He added that 'it's time for somebody else to negotiate on behalf of Ukraine,' echoing his earlier call for Kyiv to get a new president.
- Market participants weigh in on SEC’s proposed crypto regulations
The SEC will close public comment on its “Regulation Crypto Assets” proposal, first introduced in August, on Tuesday. Over the 60-day period, the agency received about 140 comments on a proposed safe harbor that would keep token issuers from being treated as investment contracts, along with exemptions for offerings up to a set amount. The MiCA Crypto Alliance largely supported the proposed disclosure changes but asked the SEC to better define crypto-specific concepts and data structures. SkyBridge Capital founder Anthony Scaramucci also backed the rules, calling them a return to the Commission’s proper role, though he did not mention Congress’s inaction on the CLARITY Act. Some legal experts warn the rules could be overturned more easily than an act of Congress, and both the SEC and the CFTC remain understaffed at the leadership level.
- Why Lockheed Martin May Be an Underrated Stock to Buy Right Now
The article argues that Lockheed Martin (LMT) can withstand market volatility, with its stock up about 15% this year while still offering good value. In 2022, when the market fell, LMT’s total return including dividends was over 40%, compared with a negative 18% for the S&P 500, helped by its close ties to the U.S. government and strong defense spending. In the quarter ended June 28, revenue reached $20.1 billion, up 11% year over year. The stock trades at a forward P/E of about 16, below the S&P 500’s more than 19, and its dividend yields 2.6% versus the index’s roughly 1%. The company has raised its dividend for 24 consecutive years, which the article cites as a reason to hold the stock long term.
- Canadian dollar notches nearly four - week high on BoC rate hike bets
The Canadian dollar held most of its gains against the US dollar on Monday, as hawkish remarks from Bank of Canada Governor Tiff Macklem drew more attention than domestic inflation data. The loonie traded 0.3% higher at 1.4095 per US dollar, near its strongest intraday level since September 23. Macklem said the BoC expects to raise its quarterly inflation forecast significantly this month because of persistently high oil and petroleum prices. Swap market data showed about an 80% chance of a BoC rate hike on October 28, up from 30% on Friday, while the benchmark rate has stayed at 2.25% since last October. Canadian bond yields rose across the curve, with the 10-year up 11.1 basis points to 3.940%, as investors also awaited a nonbinding Alberta referendum on secession.
- Homebuilder Sentiment Drops To Lowest Level Since 2012
Builder confidence has fallen to its lowest level since 2012, according to the NAHB and Wells Fargo Housing Market Index. Rising mortgage rates and higher energy and material costs have pushed sentiment to a 14-year low, keeping many buyers on the sidelines. The headline index rose one point to 38, still well below the breakeven level of 50, with affordability cited as a top concern for both buyers and builders. Builders also face elevated land, labor and construction costs, while NAHB Chief Economist Robert Dietz pointed to global events and energy prices as headwinds. He said efforts to ease regulatory burdens could still help improve long-term housing supply.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.