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Susquehanna Raises Micron Price Target to $2,000 on Strong Earnings, MU Rises 0.8% Overnight

2026-06-29 02:01:50

According to Susquehanna, Micron Technology's stock rose 0.8% in overnight trading late Sunday (June 29) as analysts reviewed price targets following the memory chip maker's strong fiscal third-quarter results. Susquehanna raised its price target on MU to $2,000 from $1,750, the highest on Wall Street, citing record earnings and 16 new long-term customer agreements with minimum-pricing provisions that significantly improve revenue visibility. The company reported revenue up 346% year over year and gross margin at 84.9%, with Susquehanna forecasting over $110 billion in free cash flow for fiscal 2027.

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