Why Wall Street Keeps Underestimating Micron
Wall Street knows that Micron Technology (NASDAQ: MU) more than quadrupled its revenue year over year in its fiscal 2026 third quarter. It also notes that Micron guided to $50 billion in revenue for the fiscal fourth quarter, suggesting more than 20% sequential growth.
The stock has plunged since Micron reported earnings, and it's more than 27% off all-time highs. It's a sign that Wall Street continues to underestimate Micron. Here's why the bears are wrong.
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Source Fool.com
Micron Technology Inc. Stock
€771.60
-0.820%
The stock is one of the favorites of our community with 159 Buy predictions and 1 Sell predictions.
As a result the target price of 1297 € shows a very positive potential of 68.09% compared to the current price of 771.6 € for Micron Technology Inc..
