U.S. and Iran Make Progress Towards Final Deal Amid Tensions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: CNBC
- Deal Progress: The U.S. and Iran made 'encouraging progress' towards a final deal within 60 days during high-level talks in Switzerland, aiming to end Middle Eastern conflicts, indicating positive diplomatic efforts.
- IAEA Inspections: Vice President JD Vance announced that Iran agreed to allow International Atomic Energy Agency inspectors back into the country, a move that could alleviate international concerns over Iran's nuclear program and promote regional stability.
- Oil Price Fluctuations: Following the announcement of the deal progress, oil prices fell, reflecting market optimism about future supply chain stability while also indicating investors' sensitivity to Middle Eastern tensions.
- Greenspan's Passing: Former Federal Reserve Chairman Alan Greenspan passed away at 100 due to complications from Parkinson's disease, having navigated multiple economic crises during his tenure, and reflections on his legacy may influence future monetary policy decisions.
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Analyst Views on MU
Wall Street analysts forecast MU stock price to fall
26 Analyst Rating
24 Buy
2 Hold
0 Sell
Strong Buy
Current: 1133.990
Low
235.00
Averages
336.12
High
500.00
Current: 1133.990
Low
235.00
Averages
336.12
High
500.00
About MU
Micron Technology, Inc. provides memory and storage solutions. The Company delivers a portfolio of high-performance dynamic random-access memory (DRAM), NAND, and NOR memory and storage products through its Micron and Crucial brands. The Company's products enable advancing in artificial intelligence (AI) and compute-intensive applications. Its segments include Cloud Memory Business Unit (CMBU), Core Data Center Business Unit (CDBU), Mobile and Client Business Unit (MCBU) and Automotive and Embedded Business Unit (AEBU). CMBU is focused on memory solutions for large hyperscale cloud customers, and high bandwidth memory (HBM) for all data center customers. CDBU is focused on memory solutions for mid-tier cloud, enterprise, and OEM data center customers and storage solutions for all data center customers. MCBU is focused on memory and storage solutions for mobile and client segments. AEBU is focused on memory and storage solutions for the automotive, industrial, and consumer segments.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Micron Technology's Optimistic Revenue Growth Outlook for 2026
- Revenue Growth Potential: According to TrendForce, the memory market is projected to reach $889.3 billion in 2026 and $1.28 trillion in 2027, indicating a structural expansion that will drive sustained earnings growth for Micron Technology.
- DRAM Market Outlook: Micron's DRAM revenue is expected to quadruple to $618.7 billion in 2026, and if it maintains a 20% market share, revenue from this segment could soar to $180 billion, significantly boosting overall company revenue.
- NAND Flash Market Opportunity: The NAND flash market is anticipated to grow by 280% to $270.6 billion in 2026, and if Micron captures 10% of this market by 2027, it could generate $38 billion in revenue, further enhancing its performance.
- Investment Value Realization: With a current price-to-sales ratio of 22, above the tech sector average of 8, Micron's robust revenue growth justifies this valuation, and its market cap could rise to $2.2 trillion in the next 18 months, representing a potential upside of 72%.
See More
Micron Technology Shares Surpass $1 Trillion Market Cap
- Market Value Surge: Micron Technology's stock price has soared to $1,135, propelling its market cap past $1 trillion, marking its entry into the trillion-dollar club and reflecting the profound impact of artificial intelligence on the semiconductor industry, particularly in the surging demand for memory chips.
- Soaring Memory Demand: With skyrocketing demand for high-bandwidth memory (HBM) and advanced DRAM solutions, the global memory market is projected to reach $1.3 trillion by 2027, a 44% increase from 2026, providing a robust revenue growth impetus for Micron.
- Enhanced Profitability: Micron's current P/E ratio of 48 appears expensive relative to historical levels; however, the company has secured multiyear supply agreements with hyperscalers, locking in both volume and pricing, which alleviates market volatility and enhances profitability.
- Future Growth Potential: Despite risks such as the rapid rollout of new capacity potentially compressing margins, Micron's sold-out HBM supply and relatively modest valuation compared to other AI chip leaders suggest significant upside potential for its stock.
See More
U.S. and Iran Make Significant Progress on Deal
- Workforce Growth: Nevada's workforce grew by 1.9% from April 2025 to April 2026, the highest increase among U.S. states, indicating a strong economic recovery and attracting more job seekers to the region.
- Greenspan's Passing: Former Federal Reserve Chairman Alan Greenspan passed away at 100 due to complications from Parkinson's disease, having led the Fed through significant events like the 1987 market crash and multiple economic crises, leaving a lasting impact on monetary policy.
- Starmer Resignation: U.K. Prime Minister Keir Starmer announced his resignation as Labour leader and prime minister following poor local election results and internal party turmoil, marking a pivotal moment as the country prepares for its seventh prime minister since Brexit.
- Record Box Office: Disney and Pixar's
See More
U.S. Stock Futures Rise as Traders Await Iran Negotiation Updates
- Super Micro Computer Gains: Super Micro Computer (SMCI) shares rose 3% in premarket trading after GF Securities upgraded the stock to Buy with a $48 price target, despite a looming 15% dilution that previously caused a 28% drop, indicating that the current price reflects a strong long-term demand outlook.
- Cerebras Systems Outlook Positive: Cerebras Systems (CBRS) edged up 0.73% in premarket trading as Wedbush maintained its Outperform rating and $270 price target, with analysts highlighting almost zero demand risk due to partnerships with OpenAI and Amazon, suggesting that performance will hinge on execution capabilities.
- SpaceX Shares Decline: SpaceX (SPCX) shares fell 4.6% in premarket trading, continuing a recent pullback after a strong IPO run, as the company announced the commencement of its inaugural offering of senior unsecured notes, which may impact investor confidence despite previous strong performance.
- Micron Technology Rises: Micron Technology (MU) jumped 4.48% in premarket trading as Needham raised its price target, with analysts noting that the memory market has strengthened over the past 90 days, driven by robust demand and pricing, suggesting strong fundamentals ahead of the third-quarter results.
See More
Needham Raises Micron Technology Price Target
- Price Target Increase: Needham analyst N. Quinn Bolton raised Micron Technology's price target from $500 to $1,550, reflecting optimistic expectations for the company's future performance, especially ahead of its upcoming third-quarter earnings report.
- Strong Market Demand: The analyst noted that the memory market has continued to strengthen over the past 90 days, with robust demand and a solid pricing environment keeping market fundamentals strong, suggesting this trend will persist and further bolster investor confidence in Micron.
- Long-Term Agreement Benefits: Long-term agreements being signed in the industry provide suppliers like Micron with better demand visibility extending over multiple years, indicating the strategic importance of memory in the rapidly growing AI sector, which may lead investors to pay higher valuation multiples for memory stocks.
- Positive Stock Reaction: Following the price target increase, Micron's shares rose 4.7% in premarket trading, demonstrating a positive market response to its growth potential and further solidifying its position in the semiconductor industry.
See More
Key Wall Street Rating Updates on Monday
- Tesla Rating Maintained: Jefferies raised Tesla's price target from $350 to $375, indicating that the stock did not sell off ahead of the SPCX IPO, which suggests a consensus on a potential merger that could turn TSLA into a tracker to minimize shareholder dilution risk.
- Kimco Realty Upgrade: Wolfe upgraded Kimco Realty from Peer Perform to Outperform with a price target of $28, anticipating approximately a 16% total return, reflecting strong fundamentals and signaling a recovery potential in the real estate market.
- Cleveland-Cliffs Downgrade: Morgan Stanley downgraded Cleveland-Cliffs from Overweight to Equal Weight with a new price target of $12.5, indicating a more balanced risk-reward profile in line with peers, reflecting a cautious market sentiment towards the stock.
- Micron Technology Reiteration: Bernstein raised Micron's price target from $510 to $1,300 while maintaining an Outperform rating, driven by optimistic forecasts for conventional memory and high bandwidth memory pricing, highlighting a robust recovery in the semiconductor sector.
See More
Micron Technology's Optimistic Revenue Growth Outlook for 2026
- Revenue Growth Potential: According to TrendForce, the memory market is projected to reach $889.3 billion in 2026 and $1.28 trillion in 2027, indicating a structural expansion that will drive sustained earnings growth for Micron Technology.
- DRAM Market Outlook: Micron's DRAM revenue is expected to quadruple to $618.7 billion in 2026, and if it maintains a 20% market share, revenue from this segment could soar to $180 billion, significantly boosting overall company revenue.
- NAND Flash Market Opportunity: The NAND flash market is anticipated to grow by 280% to $270.6 billion in 2026, and if Micron captures 10% of this market by 2027, it could generate $38 billion in revenue, further enhancing its performance.
- Investment Value Realization: With a current price-to-sales ratio of 22, above the tech sector average of 8, Micron's robust revenue growth justifies this valuation, and its market cap could rise to $2.2 trillion in the next 18 months, representing a potential upside of 72%.
See More
Micron Technology Shares Surpass $1 Trillion Market Cap
- Market Value Surge: Micron Technology's stock price has soared to $1,135, propelling its market cap past $1 trillion, marking its entry into the trillion-dollar club and reflecting the profound impact of artificial intelligence on the semiconductor industry, particularly in the surging demand for memory chips.
- Soaring Memory Demand: With skyrocketing demand for high-bandwidth memory (HBM) and advanced DRAM solutions, the global memory market is projected to reach $1.3 trillion by 2027, a 44% increase from 2026, providing a robust revenue growth impetus for Micron.
- Enhanced Profitability: Micron's current P/E ratio of 48 appears expensive relative to historical levels; however, the company has secured multiyear supply agreements with hyperscalers, locking in both volume and pricing, which alleviates market volatility and enhances profitability.
- Future Growth Potential: Despite risks such as the rapid rollout of new capacity potentially compressing margins, Micron's sold-out HBM supply and relatively modest valuation compared to other AI chip leaders suggest significant upside potential for its stock.
See More
U.S. and Iran Make Significant Progress on Deal
- Workforce Growth: Nevada's workforce grew by 1.9% from April 2025 to April 2026, the highest increase among U.S. states, indicating a strong economic recovery and attracting more job seekers to the region.
- Greenspan's Passing: Former Federal Reserve Chairman Alan Greenspan passed away at 100 due to complications from Parkinson's disease, having led the Fed through significant events like the 1987 market crash and multiple economic crises, leaving a lasting impact on monetary policy.
- Starmer Resignation: U.K. Prime Minister Keir Starmer announced his resignation as Labour leader and prime minister following poor local election results and internal party turmoil, marking a pivotal moment as the country prepares for its seventh prime minister since Brexit.
- Record Box Office: Disney and Pixar's
See More
U.S. Stock Futures Rise as Traders Await Iran Negotiation Updates
- Super Micro Computer Gains: Super Micro Computer (SMCI) shares rose 3% in premarket trading after GF Securities upgraded the stock to Buy with a $48 price target, despite a looming 15% dilution that previously caused a 28% drop, indicating that the current price reflects a strong long-term demand outlook.
- Cerebras Systems Outlook Positive: Cerebras Systems (CBRS) edged up 0.73% in premarket trading as Wedbush maintained its Outperform rating and $270 price target, with analysts highlighting almost zero demand risk due to partnerships with OpenAI and Amazon, suggesting that performance will hinge on execution capabilities.
- SpaceX Shares Decline: SpaceX (SPCX) shares fell 4.6% in premarket trading, continuing a recent pullback after a strong IPO run, as the company announced the commencement of its inaugural offering of senior unsecured notes, which may impact investor confidence despite previous strong performance.
- Micron Technology Rises: Micron Technology (MU) jumped 4.48% in premarket trading as Needham raised its price target, with analysts noting that the memory market has strengthened over the past 90 days, driven by robust demand and pricing, suggesting strong fundamentals ahead of the third-quarter results.
See More
Needham Raises Micron Technology Price Target
- Price Target Increase: Needham analyst N. Quinn Bolton raised Micron Technology's price target from $500 to $1,550, reflecting optimistic expectations for the company's future performance, especially ahead of its upcoming third-quarter earnings report.
- Strong Market Demand: The analyst noted that the memory market has continued to strengthen over the past 90 days, with robust demand and a solid pricing environment keeping market fundamentals strong, suggesting this trend will persist and further bolster investor confidence in Micron.
- Long-Term Agreement Benefits: Long-term agreements being signed in the industry provide suppliers like Micron with better demand visibility extending over multiple years, indicating the strategic importance of memory in the rapidly growing AI sector, which may lead investors to pay higher valuation multiples for memory stocks.
- Positive Stock Reaction: Following the price target increase, Micron's shares rose 4.7% in premarket trading, demonstrating a positive market response to its growth potential and further solidifying its position in the semiconductor industry.
See More
Key Wall Street Rating Updates on Monday
- Tesla Rating Maintained: Jefferies raised Tesla's price target from $350 to $375, indicating that the stock did not sell off ahead of the SPCX IPO, which suggests a consensus on a potential merger that could turn TSLA into a tracker to minimize shareholder dilution risk.
- Kimco Realty Upgrade: Wolfe upgraded Kimco Realty from Peer Perform to Outperform with a price target of $28, anticipating approximately a 16% total return, reflecting strong fundamentals and signaling a recovery potential in the real estate market.
- Cleveland-Cliffs Downgrade: Morgan Stanley downgraded Cleveland-Cliffs from Overweight to Equal Weight with a new price target of $12.5, indicating a more balanced risk-reward profile in line with peers, reflecting a cautious market sentiment towards the stock.
- Micron Technology Reiteration: Bernstein raised Micron's price target from $510 to $1,300 while maintaining an Outperform rating, driven by optimistic forecasts for conventional memory and high bandwidth memory pricing, highlighting a robust recovery in the semiconductor sector.
See More
