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Prediction: Micron’s Next Earnings Cycle Could Reset Expectations for the Stock

The 24/7 Wall St. price target for Micron (MU) is $987.56, implying 12.54% upside from Friday's close of $877.55. Micron has beaten earnings estimates for 8 straight quarters, yet the stock is down 15% over the past month and up 219.41% year to date. The company says more than 75% of its fiscal 2027 shipments are already committed, and guides to fiscal first-quarter revenue of $61.5B ±$1.5B and non-GAAP EPS of $38.15 ±$1.00. The article gives a bull case of $1,348.03 and a bear case of $743.23, citing $30.71B in fiscal 2026 capex and historically severe memory downturns as risks. The report date is tentatively December 15 and has not yet been confirmed by Micron.

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