Rosenblatt Raises $MU Price Target to $1,900 Following Record Fiscal Q4 Earnings and $37.7 Billion Windfall

Rosenblatt analyst Kevin Cassidy has raised Micron Technology's ($MU) price target to $1,900 from $1,500 while maintaining a Buy rating, following the company's record fiscal fourth-quarter earnings report.
For Q4 fiscal 2026, $MU reported revenue of $54.23 billion—beating expectations—alongside an adjusted profit of $33.42 per share and GAAP net income totaling $37.70 billion.
The memory chipmaker's profitability was driven by robust AI infrastructure demand, pushing the adjusted gross margin to 87% and full-year fiscal 2026 sales to $133.19 billion.
Looking ahead, management issued strong Q1 fiscal 2027 revenue guidance ranging between $60 billion and $63 billion, with adjusted earnings projected between $37.15 and $39.15 per share.