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Micron shares rise as analysts lift revenue and price forecasts
Micron closed Sept. 4 up 6.1% but still sits below its June 25 peak, with analysts raising revenue estimates to $241.1 billion for FY Aug. 2027.
Micron Technology shares climbed after analysts raised both their revenue forecasts and price targets for the stock, according to Yahoo Finance. The article notes MU closed at $1,106.59 on Sept. 4, up 6.1%, though it remains below the June 25 peak of $1,211.
The piece says analysts have increased their FY Aug. 2027 revenue estimate to $241.08 billion, up from $239.84 billion previously cited in the author’s prior work. Using the same model referenced in the article, the author projects a potential per-share price target of $1,921.35, based on a 45% adjusted free cash flow margin and a 5.0% free cash flow yield metric.
The article also points to updated price target figures from surveyed sources, including a Yahoo Finance analyst survey average of $1,513.11, and a Barchart price target of $1,474.42. It summarizes the range of upside framed by those targets, stating the stock is worth between 45% and 89% more depending on which target is used.
The author concludes that the outlook could be used to structure option income trades, describing how bull put credit spreads may fit investors who have limited capital to deploy versus strategies that require more upfront funds. The article’s options-focused discussion is presented as a strategy framework tied to the stock moving higher.