After the earnings report was released, Bank of America analyst Vivek Arya and his team expressed their views on Micron's stock price. The team raised Micron's earnings estimates per share for the 2026, 2027, and 2028 fiscal years by 62%, 80%, and 42% respectively. The adjusted values were $31.84, $38.85, and $29.15, respectively. Analysts pointed out that the main risks to Micron's stock price include fluctuations in demand in the field of artificial intelligence, changes in pricing of traditional storage products, the release of new production capacity in the industry, and the current gross margin of 68% and operating profit margin of 60% may be close to peak levels. Arya said that although demand for artificial intelligence may fluctuate, high-bandwidth memory products have been sold out again throughout 2026, and customers have signed multi-year supply agreements. Compared to previous industry cycles, this may drive Micron to usher in a more sustainable upward cycle. Arya said in a research report that based on a valuation of 2.3 times Micron's net market ratio for the 2027 calendar year, the Micron stock rating was raised from “neutral” to “buy,” and the target price was raised from $250 to $300. He added that this price target was set on the assumption that the current market or the storage industry is in an upward cycle.

After the earnings report was released, Bank of America analyst Vivek Arya and his team expressed their views on Micron's stock price. The team raised Micron's earnings estimates per share for the 2026, 2027, and 2028 fiscal years by 62%, 80%, and 42% respectively. The adjusted values were $31.84, $38.85, and $29.15, respectively. Analysts pointed out that the main risks to Micron's stock price include fluctuations in demand in the field of artificial intelligence, changes in pricing of traditional storage products, the release of new production capacity in the industry, and the current gross margin of 68% and operating profit margin of 60% may be close to peak levels. Arya said that although demand for artificial intelligence may fluctuate, high-bandwidth memory products have been sold out again throughout 2026, and customers have signed multi-year supply agreements. Compared to previous industry cycles, this may drive Micron to usher in a more sustainable upward cycle. Arya said in a research report that based on a valuation of 2.3 times Micron's net market ratio for the 2027 calendar year, the Micron stock rating was raised from “neutral” to “buy,” and the target price was raised from $250 to $300. He added that this price target was set on the assumption that the current market or the storage industry is in an upward cycle.