Cantor Micron · MU

Cantor Fitzgerald Maintains Overweight on Micron, $2,000 Price Target

October 20, 2026 Analyst: C.J. Muse 1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$2,000
Unchanged
Upside
+134%
MU at $856 today
Cantor and Micron logos

What the analyst said

Cantor Fitzgerald analyst C.J.

Muse reiterated an Overweight rating and $2,000 price target on Micron Technology (NASDAQ: MU).

“Micron reiterated that it has 16 SCAs, including 14 with pricing metrics, and sees potential for these agreements to cover 50% of revenue, versus 25% in the May quarter and 35% in the August quarter.

New SCAs will reflect prevailing market pricing, and the company has already signed additional agreements at higher prices.

Micron expects supply/demand conditions to be even tighter in CY27 than CY26, with constraints persisting through CY28.

Customers hold little to no inventory, and the company sees limited near-term relief.

Finally, MU discussed its recently approved ~$35B share repurchase authorization, which we expect to begin in earnest on December 9th.”

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The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

MU trades at $856. The 27 analysts who set a target in the last 3 months range from $1,200 to $3,000, with a median of $1,540. This $2,000 target is 30% above the median.

Since the note MU has moved −5% (from $905). 12-month window: day 2 of 365, closes on October 20, 2027.

Track record

This callOpen: MU has not reached $2,000 yet. This 12-month target is scored on October 1, 2027. Same target as this firm’s October 1, 2026 note, so it is scored there.

Firm track recordCantor: 83% of its 29 targets at least a year old were reached within 12 months (#14 of 28 firms); on Micron, 4 of 4. Accuracy ranking →

Cantor on Micron

Cantor price targets on Micron

8 calls from December 16, 2025 to October 20, 2026. The target went from $300 to $2,000 (+567%). The rating stayed Buy.

Cantor targetMU share price
  1. October 20, 2026 This noteKept the $2,000 targetBuy$2,000
  2. October 1, 2026Target raised from $700 (+186%)Buy$2,000
  3. June 25, 2026Rating only, no price targetBuyNo target
  4. April 1, 2026Kept the $700 targetBuy$700
  5. March 19, 2026Target raised from $450 (+56%)Buy$700
  6. January 14, 2026Target raised from $350 (+29%)Buy$450
  7. December 18, 2025Target raised from $300 (+17%)Buy$350
  8. December 16, 2025Earliest call shownBuy$300
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Other analysts on Micron

DA DavidsonBuy Raised price target +43%, kept rating · Oct 7 $3,000from $2,100 BairdBuy Kept rating and price target · Oct 2 $1,520maintained CLSABuy Kept rating and price target · Oct 2 $1,700maintained Freedom BrokerBuy Kept rating and price target · Oct 1 $1,600maintained BernsteinBuy Kept rating and price target · Oct 1 $1,300maintained
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.