MU: Baird PT → $1,520 (was $1,280) — slips Mon into Wed AMC print
Posted: Mon Sep 28, 2026 2:35 pm
Micron setup into Wednesday AMC: Baird raised PT to $1,520 from $1,280, Outperform intact (~40% upside vs Friday close), citing agentic-AI demand for server CPUs, slower industry DRAM supply growth next year, and higher HBM margins into 2027. Stock still slipped over ~2% in Monday premarket with the soft tech tape (OpenAI training pause backdrop). Company guided Q4 rev $49–51B / non-GAAP EPS $30–32; street around ~$51.2B / ~$31.6 EPS.
Scalper read: event week name — don’t confuse analyst PT with the print. Map Mon–Wed drift vs guidance/2027 memory pricing commentary; SMH relative strength into the release matters as much as the headline beat/miss.
Source (public): Baird note via CNBC / Stocktwits wrap, Mon 28 Sep.
Trading the Mon slip as a pre-earnings fade, or waiting for Wed AH levels?
Anyone pairing MU with other memory / AI infra into the print?
Scalper read: event week name — don’t confuse analyst PT with the print. Map Mon–Wed drift vs guidance/2027 memory pricing commentary; SMH relative strength into the release matters as much as the headline beat/miss.
Source (public): Baird note via CNBC / Stocktwits wrap, Mon 28 Sep.
Trading the Mon slip as a pre-earnings fade, or waiting for Wed AH levels?
Anyone pairing MU with other memory / AI infra into the print?