Baird raises target for Micron Technology stock to USD 1,520 from USD 1,280

Published on 10/16/2026 at 09:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Micron guides to USD 61.5 billion for fiscal Q1 2027. Micron Technology stock costs EUR 821.10 on October 16, 2026, 0.69 percent above its Xetra close.

Guidance and analyst target

Robert W. Baird lifted its target from USD 1,280 to USD 1,520 on September 29, 2026.
Micron guided to USD 61.5 billion revenue for fiscal first quarter 2027.
Micron Technology stock trades at EUR 821.10 at 9:11 a.m. CEST at Lang & Schwarz on October 16, 2026, 0.69 percent above the Xetra close of October 15, 2026.

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Micron Technology (ISIN US5951121038) was trading at EUR 821.10 at Lang & Schwarz on October 16, 2026 at 9:11 a.m. CEST, 0.69 percent above the Xetra close of October 15, 2026 at EUR 815.50. Robert W. Baird raised its 12-month target for Micron from USD 1,280 to USD 1,520 on September 29, 2026, according to The Globe and Mail.

Record results reset expectations

Micron reported fiscal fourth-quarter revenue of USD 54.23 billion for the period ended September 3, 2026, compared with USD 11.32 billion a year earlier. GAAP net income reached USD 37.70 billion, while non-GAAP diluted earnings per share came to USD 33.42, according to the company release dated September 30, 2026 from Micron Technology. The figures explain why target revisions have remained focused on AI memory demand rather than a short-term earnings rebound.

For fiscal first-quarter 2027, Micron guided to revenue of USD 61.5 billion plus or minus USD 1.5 billion and non-GAAP gross margin of 86.25 percent. That margin is below the 87.00 percent non-GAAP gross margin reported for fiscal fourth-quarter 2026, while the revenue outlook is above the previous quarter's USD 54.23 billion.

What does the guidance mean for margins?

The guidance points to a temporary margin trade-off as Micron expands capacity. The Globe and Mail, carrying Zacks Investment Research material dated October 1, 2026, reported that 26 strategic customer agreements represented more than 35 percent of estimated revenue through 2030. The same report said stronger capital returns were planned from December 9, 2026.

Three dates shape the stock

On September 29, 2026, Baird raised its target to USD 1,520 from USD 1,280. On September 30, 2026, Micron reported USD 54.23 billion in fiscal fourth-quarter revenue and issued fiscal first-quarter guidance. On October 16, 2026, the stock stood at EUR 821.10 at Lang & Schwarz.

Upcoming cash return date

Micron declared a quarterly dividend of USD 0.15 per share on September 30, 2026, payable October 29, 2026, to shareholders of record as of October 14, 2026. The company also identified December 9, 2026 as the starting point for stronger capital returns in the earnings-call discussion.

Stock trades above the Xetra close

The Nasdaq-listed semiconductor company combines a sharp fiscal-year expansion with heavy investment in memory capacity. Fiscal 2026 revenue reached USD 133.19 billion, up from USD 37.38 billion in fiscal 2025, while adjusted free cash flow rose to USD 62.31 billion from USD 3.72 billion.

Micron Technology was trading at EUR 821.10 at Lang & Schwarz on October 16, 2026 at 9:11 a.m. CEST, 0.69 percent above the Xetra close of October 15, 2026 at EUR 815.50. The further course of trading is shown by the continuously updated real-time quote of Micron Technology stock.