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Cantor sets $700 price target for Micron Technology
Wednesday, April 1, 2026 at 09:25 PM
A market analyst from Cantor has set a price target of $700 for Micron, suggesting significant upside based on current trading levels.
Context
On April 1, 2026, Cantor Fitzgerald reiterated an Overweight rating for Micron Technology (MU), setting a high-conviction price target of $700. This target implies approximately 98% upside from the current trading price of $337.84. Analyst C.J. Muse highlighted that the surge is driven by sustainable, AI-led demand for memory products and high value-add roadmaps that are structurally changing customer supply relationships.
The firm dismissed market concerns regarding DRAM spot price declines and potential over-shipments, noting that Micron's revenue has grown 85.6% over the last twelve months. Cantor Fitzgerald anticipates an elongated growth cycle fueled by High Bandwidth Memory (HBM) trade ratios and a general shortage of semiconductor equipment. This bullish outlook projects that the company could achieve earnings per share of at least $100 by calendar year 2027.
Sources (6)
Cantor Fitzgerald reiterates Micron stock rating on AI demand outlook By Investing.comCantor Fitzgerald reiterates Micron stock rating on AI demand outlookEquity Research - Cantor FitzgeraldMicron's Massive Gains Amid Surging AI DemandWall Street Sees Plenty of Upside in Micron Despite the ...Micron (MU) Receives a Buy from Cantor Fitzgerald
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