Micron Technology stock earns a CLSA Moderate Buy upgrade

Published on 10/06/2026 at 18:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Micron Technology stock traded at USD 1,067.65 on October 6, 2026, while fiscal Q4 revenue reached USD 54.23 billion. CLSA raised its rating to Moderate Buy, and consensus targets remain above the quote.

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Micron Technology stock (ISIN US5951121038) was trading at USD 1,067.65 on Nasdaq on October 6, 2026, up 0.35 percent with the session still open. The latest analyst action came from CLSA, which upgraded the stock to Moderate Buy on October 3, according to MarketBeat.

CLSA upgrade follows record results

Micron's fiscal Q4 2026 revenue reached USD 54.23 billion, compared with USD 11.32 billion in fiscal Q4 2025. The company also reported GAAP diluted earnings per share of USD 32.87 and non-GAAP diluted earnings per share of USD 33.42 for the quarter, according to Micron Technology in its September 30, 2026 release.

The comparison shows the scale of the current memory cycle: fiscal Q4 revenue was 379.1 percent above the prior-year quarter, while GAAP gross margin reached 86.8 percent versus 44.7 percent a year earlier. Fiscal 2026 revenue totaled USD 133.19 billion, compared with USD 37.38 billion in fiscal 2025, based on the company's full-year release.

Q1 guidance sets the next test

For fiscal Q1 2027, Micron guided to revenue of USD 61.5 billion plus or minus USD 1.5 billion. The same outlook calls for GAAP diluted earnings per share of USD 37.84 plus or minus USD 1.00 and non-GAAP diluted earnings per share of USD 38.15 plus or minus USD 1.00, according to Micron Technology.

The guidance matters because it extends the earnings comparison beyond the record quarter. Micron's fiscal 2026 operating cash flow was USD 89.68 billion, up from USD 17.53 billion in fiscal 2025, while adjusted free cash flow reached USD 62.31 billion for the year.

Consensus target remains above USD 1,067.65

MarketBeat reported a consensus rating of Moderate Buy from 41 Buy ratings and five Hold ratings, with an average target of USD 1,385.93. That target lies 29.81 percent above the October 6 price of USD 1,067.65, while Rosenblatt raised its target from USD 1,500 to USD 1,900 on October 1, according to MarketBeat.

The counter-factor is valuation sensitivity in a cyclical memory market. Micron's current quote is USD 187.35 below its 52-week high of USD 1,255.00, while the 52-week low stands at USD 179.61.

Micron stock trades near USD 1,068

Micron Technology stock was last trading at USD 1,067.65 on Nasdaq at 12:27 p.m. ET on October 6, 2026. The session range was USD 1,046.39 to USD 1,074.31, with volume at 10,830,634 shares and market capitalization at USD 1.2 trillion.