What is Erste Group Bank's Forecast for MU FY2027 Earnings?

Key Points

• Erste Group Bank raised its FY2027 EPS forecast for Micron Technology to $156.41, up from $154.09, and maintained a “Buy” rating. The estimate is well above the current-year consensus forecast of $72.98 per share.
• Wall Street sentiment remains strongly positive, with 35 analysts rating Micron a Strong Buy or Buy and the stock carrying an average “Buy” rating with a $1,295.63 price target.
• Micron’s outlook is supported by AI-driven memory demand and supply scarcity: its latest quarterly EPS and revenue exceeded estimates, while memory shortages and high-bandwidth memory demand could support pricing and margins through 2027.

Micron Technology, Inc. (NASDAQ:MU - Free Report) - Analysts at Erste Group Bank lifted their FY2027 earnings per share estimates for shares of Micron Technology in a research note issued to investors on Friday, September 18th. Erste Group Bank analyst H. Engel now anticipates that the semiconductor manufacturer will earn $156.41 per share for the year, up from their prior estimate of $154.09. Erste Group Bank currently has a "Buy" rating on the stock. The consensus estimate for Micron Technology's current full-year earnings is $72.98 per share.

MU has been the subject of a number of other reports. Barclays boosted their price objective on shares of Micron Technology from $1,175.00 to $2,000.00 and gave the stock an "overweight" rating in a report on Thursday, June 25th. TD Cowen reaffirmed a "buy" rating on shares of Micron Technology in a report on Wednesday. DA Davidson lifted their target price on shares of Micron Technology from $1,500.00 to $2,000.00 and gave the stock a "buy" rating in a research report on Thursday, June 25th. Needham & Company LLC boosted their price target on shares of Micron Technology from $1,550.00 to $1,650.00 and gave the stock a "buy" rating in a research note on Thursday, June 25th. Finally, The Goldman Sachs Group upped their price target on shares of Micron Technology from $900.00 to $1,100.00 and gave the company a "neutral" rating in a research report on Thursday, June 25th. Four analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $1,295.63.

Micron Technology Price Performance

Shares of MU opened at $1,015.80 on Monday. Micron Technology has a 1 year low of $154.65 and a 1 year high of $1,255.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. The stock has a 50 day simple moving average of $928.01 and a two-hundred day simple moving average of $776.17. The firm has a market cap of $1.15 trillion, a P/E ratio of 23.00, a P/E/G ratio of 0.64 and a beta of 2.22.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, beating analysts' consensus estimates of $21.39 by $3.72. The company had revenue of $41.46 billion for the quarter, compared to analysts' expectations of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.Micron Technology's revenue for the quarter was up 345.8% compared to the same quarter last year. During the same period last year, the firm posted $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS.

Micron Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, July 6th. Micron Technology's dividend payout ratio is currently 1.36%.

Insider Activity at Micron Technology

In other news, EVP Sumit Sadana sold 15,000 shares of the firm's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total value of $14,014,350.00. Following the completion of the sale, the executive vice president directly owned 191,021 shares of the company's stock, valued at approximately $178,469,010.09. This trade represents a 7.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lynn A. Dugle sold 1,300 shares of the firm's stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the completion of the sale, the director owned 17,728 shares of the company's stock, valued at $20,394,823.04. This trade represents a 6.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 177,204 shares of company stock valued at $182,156,264 in the last quarter. 0.24% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Micron Technology

Hedge funds have recently made changes to their positions in the company. Andar Capital Management HK Ltd grew its stake in shares of Micron Technology by 856,960.3% in the 2nd quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer's stock worth $39,571,847,000 after buying an additional 34,278,413 shares during the last quarter. Norges Bank purchased a new position in Micron Technology during the fourth quarter valued at $6,433,456,000. Primecap Management Co. CA purchased a new position in Micron Technology during the second quarter valued at $22,182,263,000. Bank of America Corp DE boosted its holdings in Micron Technology by 26.6% in the second quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer's stock worth $11,744,621,000 after acquiring an additional 2,136,470 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Micron Technology by 1.6% in the fourth quarter. Invesco Ltd. now owns 9,777,239 shares of the semiconductor manufacturer's stock worth $2,790,522,000 after acquiring an additional 155,073 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors.

Key Headlines Impacting Micron Technology

Here are the key news stories impacting Micron Technology this week:

• Positive Sentiment: RBC sees substantial valuation upside. Royal Bank of Canada reaffirmed its “Outperform” rating and assigned a $1,500 price target, arguing that Micron’s exposure to AI-driven memory demand, strategic customer agreements, and floor-pricing arrangements is not fully reflected in its valuation. RBC sees AI memory demand supporting Micron valuation
• Positive Sentiment: Memory scarcity could persist through 2027. Intel CEO Lip-Bu Tan reportedly indicated that memory prices have risen five- to sevenfold and that shortages may continue into next year. The backdrop supports Micron’s pricing power and margins, particularly in high-bandwidth memory used in AI servers. Micron and memory scarcity
• Positive Sentiment: Analysts and commentators remain bullish on AI infrastructure. Jim Cramer ranked Micron second on his technology-stock list, while other coverage highlighted Micron’s position as a major HBM supplier and NVIDIA’s increasing memory requirements. The company’s new 512GB DDR5 server module also strengthens its long-term data-center opportunity. Micron 512GB memory module
• Neutral Sentiment: Earnings are the next major catalyst. Micron has a history of exceeding estimates, and investors expect another strong report on September 30. However, the stock’s large prior gains raise expectations, making guidance on memory pricing, HBM supply, capital spending, and potential buybacks especially important.
• Negative Sentiment: Competitive and execution risks remain. Chinese memory maker CXMT is expanding its NAND capabilities, potentially increasing long-term competition. Separately, workers at Micron’s Taiwan operation have threatened labor action over compensation, creating a possible operational risk. Concerns about slowing price growth, elevated valuation, and the cyclical nature of memory demand could also limit further gains. Micron Taiwan labor tensions

Micron Technology Company Profile

Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.

Micron's products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.

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