Cantor Fitzgerald Lifts Micron Target to $2,000 on 75% Upside View
Updated
Updated · The Motley Fool · Jul 3
Cantor Fitzgerald Lifts Micron Target to $2,000 on 75% Upside View
3 articles · Updated · The Motley Fool · Jul 3
Summary
$2,000 is Cantor Fitzgerald analyst C.J. Muse’s new target for Micron, raised from $1,500 while he kept an overweight rating, implying about 75% upside from roughly $1,145.
Micron’s new Strategic Customer Agreements drove the upgrade by locking in half of revenue at high margins, which Muse said should reduce pricing volatility and smooth negotiations across cycles.
Record operating momentum underpins that view: fiscal third-quarter revenue jumped 346% year over year to $41.5 billion, adjusted EPS rose 13-fold to $24.67, and Micron guided fourth-quarter revenue to $50 billion.
Wall Street is broadly bullish, with 88% of June analyst ratings at buy or strong buy and an average target of $1,454, while consensus sees 2027 revenue near $236 billion—enough to support a roughly $2.26 trillion valuation.