Micron Technology stock gains on RBC's upbeat call

Published on 09/19/2026 at 11:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Micron Technology stock rose 1.2 percent to USD 989.27 on September 19, 2026. RBC kept an Outperform rating and a USD 1,500 target ahead of September 30 earnings.

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Micron Technology stock (ISIN US5951121038) traded at USD 989.27 on September 19, 2026, after a 1.2 percent gain in Friday's session. RBC Capital Markets kept its Outperform rating and USD 1,500 price target, saying the memory cycle still has room to run.

RBC sees tighter supply

According to TipRanks on September 18, 2026, analyst Srini Pajjuri said Micron could deliver 'another strong quarter' and that the stock still offered about 51 percent upside to the target. The same report said RBC expects USD 50 billion in fiscal Q4 revenue and USD 31.09 in adjusted EPS, with gross margin at 86.7 percent.

TipRanks also said Wall Street's average Micron price target stands at USD 1,566.92, with 28 Buy ratings and one Hold. That implies about 58 percent upside from the quoted share price, a gap that keeps valuation in the foreground for investors.

Memory demand stays hot

Micron's investor relations page says its record fiscal Q3 financial results and stronger Q4 outlook reflected the strategic value of memory in the AI era. The company also said its multi-year Strategic Customer Agreements should improve the durability and predictability of financial performance.

That sets up a key comparison for the upcoming September 30 report. RBC expects fiscal Q4 revenue of USD 50 billion, while the Wall Street revenue estimate cited by TipRanks is about USD 56 billion, a difference of USD 6 billion.

Stock near the high

Micron market data on Investing.com showed a price of USD 1,006.27 as of September 18, 2026, with a previous close of USD 977.50 and a 52-week range of USD 154.65 to USD 1,255.00. The same snapshot put market capitalization at USD 1.13 trillion and volume at 21.32 million shares.