Key Takeaways
- Micron stock has returned 550% over the past year and reports fiscal Q4 results after the close on September 30.
- The Street carries 36 buys, 9 outperforms, 3 holds, 1 underperform and 1 sell, with a $1,521 mean target that sits 42% above the $1,065 price.
- Fiscal Q4 guidance calls for a record $50B in revenue and $31 EPS, an $8.5B step against $17.6B in Q3.
- TIKR’s mid-case model targets $1,489, a 40% return by August 2030.
Why Micron Stock Is Up 550% in a Year Heading Into Earnings
Micron Technology (MU) stock has returned 550% over the past year, and the company reports fiscal fourth-quarter results after the bell on Wednesday, September 30.
Earnings did the work. Micron beat the analyst EPS estimate in March, $12.20 against $9.21, then reported $25.11 against $20.60 in June on revenue of $41.5B, up 346% from a year earlier. The stock topped $1,200 in late June, slid toward $750 over the summer, and has climbed back to $1,065.
The Q3 2026 earnings call also flagged what changes next. CFO Mark Murphy addressed the fiscal Q4 outlook directly: “Our fiscal Q4 gross margin outlook reflects a meaningful moderation in the rate of price increases.” Micron guided to a record $50B in revenue and $31 in EPS. That $8.5B step is less than half the $17.6B jump of fiscal Q3.
The run is earned. What remains open is whether slower growth in price gains can carry Micron stock to a Street target 42% above the close.
Micron Stock’s Street Target Flipped From 27% Below the Price to 42% Above
Micron stock carries 36 buy ratings, 9 outperforms, 3 holds, 1 underperform and 1 sell. Separately, 46 analysts publish a price target, and their mean sits at $1,521, or 42% above the $1,065 close.
The trend is the argument. From November through May, the mean target trailed the price at every reading, ending on May 28 at $674 against a $924 close, 27% below the stock. Since then, that target more than doubled while the stock rose 15%. Coverage grew from 33 targets in May 2025 to 46, and buys climbed from 25 to 36.
TIKR Values Micron Stock at $1,489, a 9% Annual Return to 2030
TIKR’s mid-case model values Micron at $1,489 by August 2030, which implies a 40% total return from the current price of $1,065, or 9% annualized over 3.9 years.
A 9% annual pace is a sharp step down from the 550% the stock returned over the past year.
The model lands within 2% of the Street’s $1,521 mean target, so the argument is timing: the model spreads the 40% over 3.9 years, a pace that fits a fiscal Q4 guide adding $8.5B in revenue rather than the $17.6B that fiscal Q3 delivered.
So what is MU stock actually worth?
TIKR lets you forecast the future price of any stock in less than a minute. Just enter a few assumptions into TIKR’s valuation model and see what MU stock could be worth. Start from Wall Street consensus estimates, or adjust the inputs to reflect your own view of the business. It’s free to use.
Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any of the stocks mentioned. Thank you for reading, and happy investing!
