TD Cowen analyst Krish Sankar reiterated a Buy rating on Micron with a $1,600 price target, implying roughly 70% upside from current levels around $930. The company will report fiscal Q4 2026 results on September 30, with adjusted EPS projected at approximately $31.14 versus $3.03 a year earlier, and revenue estimated at $50.42 billion, up 345% year-over-year. According to Sankar, investors have not fully priced in the durability of AI-driven demand for high-bandwidth memory, with Micron positioned as one of three major HBM suppliers alongside Samsung and SK Hynix.
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