3 hours ago
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Keith Noonan, The Motley Fool
Thu, July 2, 2026 astatine 9:35 AM CDT 4 min read
While affirmative sum from Wall Street analysts doesn't needfully mean a banal volition spell up, it tin beryllium a utile gauge of sentiment among influential organization investors. It tin besides supply utile insights into the cardinal catalysts that could signifier pricing enactment going forward.
Along those lines, Micron Technology (NASDAQ: MU) shareholders and those who are considering buying the banal person had a batch to consciousness bully astir recently. On June 24, the institution published results for the 3rd 4th of its existent fiscal twelvemonth -- a play that wrapped connected May 28. Following the representation exertion specialist's blowout quarterly report, it has received different circular of bullish ratings and price people increases from high-profile concern firms.
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Wall Street loved Micron's fiscal Q3 study
Micron posted income of $41.46 cardinal successful the quarter, trouncing the mean expert estimation for gross of $35.84 cardinal successful the period. Meanwhile, net per stock came successful astatine $25.11, crushing the mean estimation of $20.78. The institution besides guided for beardown income maturation to continue, targeting astir $50 cardinal successful gross successful the existent 4th -- up from astir $11.3 cardinal successful the prior-year quarter. With specified beardown results and awesome guardant guidance, it wasn't astonishing to spot a question of analysts raising valuation targets.
On June 25, Deutsche Bank published caller sum connected the banal -- maintaining a bargain standing and raising its one-year terms people from $1,500 per stock to $1,550 per share. Melissa Weathers, the firm's pb expert connected the stock, said that Micron's fiscal Q3 study showed the concern had cleared a precocious barroom strategically and financially, and went truthful acold arsenic to picture the show arsenic "stunning."
The aforesaid day, concern steadfast DA Davidson weighed successful with its ain caller study connected the stock. The steadfast reiterated its bargain standing connected Micron and raised its one-year terms people from $1,500 per stock to $2,000 per share. While the concern has historically been taxable to cyclical trends, request connected to artificial quality has provided the representation exertion person with its best-ever request outlook and show visibility. DA Davidson's analysts said the beardown request rhythm for AI representation chips is acold from over, and Micron's semipermanent proviso contracts suggest they are correct.
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