DA Davidson raises Micron target to USD 3,000: Micron Technology stock falls 1.95 percent

Published on 10/08/2026 at 16:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fourth-quarter revenue hit USD 54.23 billion versus USD 11.32 billion. Micron Technology stock costs EUR 951.20 on October 8, 2026 after EUR 970.15.

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Micron Technology (ISIN US5951121038) was trading at EUR 951.20 at Lang & Schwarz on October 8, 2026, down 1.95 percent. On October 7, 2026, MarketBeat reported that DA Davidson raised its Micron target from USD 2,100.00 to USD 3,000.00 and maintained a Buy rating.

Three dated catalysts

On September 30, 2026, Micron reported fiscal fourth-quarter revenue of USD 54.23 billion, up from USD 11.32 billion in the same quarter a year earlier, while GAAP net income reached USD 37.70 billion. The figures came from Micron Technology.

On October 6, 2026, Micron agreed to pay Netlist USD 600.00 million in quarterly installments of USD 30.00 million for a five-year patent license covering server memory and high-bandwidth memory technologies, according to PR Newswire.

On October 7, 2026, DA Davidson raised its target to USD 3,000.00 from USD 2,100.00, the latest of the three dated developments. The target is a research view, while the settlement creates a defined cash obligation for a memory business whose fiscal 2026 operating cash flow reached USD 89.68 billion.

What does the target imply?

The latest operating numbers explain why analyst expectations remain elevated. Fiscal fourth-quarter GAAP diluted earnings per share were USD 32.87, compared with USD 2.83 in the prior-year quarter, and the company guided fiscal first-quarter 2027 revenue to USD 61.5 billion plus or minus USD 1.5 billion, according to Micron Technology. That outlook places the next quarter above the USD 54.23 billion quarterly revenue base, but the USD 600.00 million Netlist commitment and heavy investment needs remain relevant to cash-flow analysis.

Dates for income and dividends

Micron Technology stock has an ex-dividend date of October 14, 2026, for the USD 0.15 per-share quarterly dividend, according to MarketWatch. The next fiscal first-quarter results are scheduled for December 23, 2026, according to The Wall Street Journal.

Stock stays below yearly high

At Lang & Schwarz, Micron Technology stock stood at EUR 951.20 on October 8, 2026 at 4:06 p.m. CEST, down 1.95 percent versus the EUR 970.15 prior close of October 7, 2026. The primary Nasdaq listing showed a USD 179.61 to USD 1,255.00 52-week range and a USD 1.2 trillion market capitalization on October 8, 2026. The further course of trading is shown by the continuously updated real-time quote of Micron Technology stock.