From 24/7 Wall St. · Vandita Jadeja · · 1m
Micron Targets $1600 AI Memory Earnings
Micron's AI memory earnings could hit $1,600 by 2027 with 92% bullish Wall Street coverage.
In brief
Micron's AI memory earnings could hit $1,600 by 2027 with 92% bullish Wall Street coverage. Micron shares need a 61.5% gain to reach $1,600 by 2027, requiring strong Q4 earnings and AI demand. Originally reported by 24/7 Wall St..
Micron's AI Memory Surge
Micron shares rose 247% this year with $41.46 billion Q3 revenue and $25.11 non-GAAP EPS.
“Memory has been elevated to a strategic asset in the AI era.”
Earnings Stalled
Shares are up just 1.39% weekly and 5.34% monthly after a 32.39% drop in the past 30 days.
Wall Street's $1513 Target
Analysts target $1,513 with 92% bullish coverage, but the base case is $949.19.
Path to $1600
Reaching $1,600 requires a 61.5% gain and a forward P/E of 25x from current 15x.
SCA Revenue Boost
16 Strategic Customer Agreements cover $100 billion in minimum-price revenue with $22 billion cash deposits.
Hyperscaler Risk
A hyperscaler capex pause could let memory supply catch up before pricing power peaks.
The short version
Micron shares need a 61.5% gain to reach $1,600 by 2027, requiring strong Q4 earnings and AI demand.
