What TD Cowen’s $60 EPS Call Means for Micron Technology (MU)

2 weeks ago 10

Rizwan Siddiqui

Tue, February 24, 2026 astatine 12:22 AM CST 2 min read

Micron Technology Inc. (NASDAQ:MU) is among the 15 Undervalued Momentum Stocks That Are Taking Off. According to a February 9 report, TD Cowen raised its semipermanent net outlook for Micron Technology Inc. (NASDAQ:MU). The steadfast present expects that MU’s EPS whitethorn scope arsenic overmuch arsenic $60 successful 2026, supra its anterior bull-case presumption of $50. The revision reflects the firm’s presumption that structural proviso capableness issues successful the DRAM marketplace are apt to persist for aggregate years. This implies that the institution whitethorn proceed to witnesser stronger pricing and borderline development, amended than antecedently anticipated. TD Cowen outlines a “gradual re-rating path” toward a 12x aggregate applied to a normalized net basal of astir $50 per share, which underpins its longer-term upside thesis. According to the firm’s estimates, better-than-expected net maturation could pb to a banal terms of $600 implicit time.

What TD Cowen’s $60 EPS Call Means for Micron Technology (MU)

Micron Technology Inc. (NASDAQ:MU) received a further boost erstwhile its absorption powerfully backed its HBM4 merchandise astatine Wolfe Research’s Autos/Semis league connected February 11. Notably, the enactment said they expect to commencement shipping the merchandise successful the existent 4th alternatively than next, arsenic antecedently guided. They besides mentioned that request is “significantly higher” than its proviso capacity, frankincense underpinning request trends beyond 2026. The show of Micron Technology Inc. (NASDAQ:MU) shares has been stunning, with 240% returns successful 2025 and 50% rally truthful acold successful 2026. The banal presently trades 6% beneath its 52-week precocious of $455.5. Micron Technology Inc. (NASDAQ:MU) designs, develops, manufactures, and markets representation and retention products, including dynamic random-access representation (DRAM), flash representation (NAND), solid-state drives (SSDs), and High Bandwidth Memory (HBM) globally. While we admit the imaginable of MU arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock. READ NEXT: 12 Best Software Infrastructure Stocks to Buy According to Hedge Funds and Cathie Wood’s Stock Portfolio: Top 10 Stocks to Buy. Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.

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