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Blue Origin IPO Makes Sense Within Next Few Years, Bezos Says
Fear of Rising Interest Rates Puts Off Britain’s Housebuyers
Japanese Firms Cite Oil Volatility as Major Earnings Risk
Samsung Q3 profit jumps nearly nine-fold as AI memory boom lifts chip earnings
Samsung Electronics Projects Record Third-Quarter Profit Driven by AI Growth
Higher mortgage rates inflict ‘pain’ on UK housing market, survey finds
US One-Year Inflation Expectations Rise to Highest Level Since May 2023
OpenAI Enables ChatGPT to Answer With Visuals and Interactive Experiences
Anthropic Plans Nasdaq IPO Before Thanksgiving
Anniversary of Major Crypto Liquidation Highlights Risks for Bitcoin Traders
Lululemon’s CEO Hires Head of Athleta in Management Shakeup
What to Know About Suspected Plague Case in Siberia
Asian Stocks to Dip as Oil Fuels Inflation Worries: Markets Wrap
Duke Reaches Deal to Shield Customers from Data Center Costs
TikTok gave teens, children placebo safety feature in experiment, New York alleges
The Trump administration resurrected its global tariffs by turning to a novel theory of forced-labor violations. The tariffs face a court challenge, but forced-labor polices aren’t going away
Trump’s Tariffs Put a Spotlight on Forced Labor. It Isn’t Going Away.
General Dynamics taps insider Danny Deep as next CEO
Solidigm selects lead banks for blockbuster US IPO, Bloomberg reports
Oasis Urges Nidec to Seek a Buyout, Warns of Delisting Risk
Braskem Creditors Balk at Restructuring Plan as Deadline Looms
General Dynamics elects insider Danny Deep as CEO effective January 2027
Bipartisan Duo Asks Lawmakers to Pledge They’ll Accept Midterm Results
US Oil Producers Ramp Down Gulf Output 25% on Storm Isaias
Levi Growth Slows After Marketing Baggy Jeans Over Low-Rise
Saudi-Led Forces Claim Ground Advances Against Houthis in Yemen
Profound Medical stock surges 20% on raised Q3 revenue outlook
Mexico stocks lower at close of trade; S&P/BMV IPC down 1.01%
Trump Administration Investigates Wells Fargo for Race-Based Lending
Anime Is Winning Over a New Generation of Fans
Gold Falls as Traders Weigh Rate-Hike Prospects, Inflation Fears
FirstFT: China rejects EU request for voluntary curbs on hybrid car exports
Markets Watch Upcoming Samsung Earnings for Signs of Cooling AI Demand
Broadcom Seeks Over $50 Billion for OpenAI Chip Development
Gold slips as dollar firms on Fed minutes, oil prices rise in volatile session
US will rescind policy targeting oil and gas industry methane leaks
Russia stocks higher at close of trade; MOEX Russia Index up 0.39%
Wolfspeed secures $1.5 billion conditional loan commitment from US defense department
Medical device maker Centinel Spine discloses revenue rise in US IPO filing
Democrats sue Trump to halt taxpayer-funded TV ads that praised him
Broadcom Seeks Over $50 Billion Financing for OpenAI Chips Amid AI Infrastructure Costs
Goldman Sachs Highlights Infrastructure Challenges in AI Buildout
Why is Valneva stock gaining today?
Why is Microvision stock sliding today?
Data center boom is pushing prices higher, according to Fed officials
OFAC Warning Shows CFOs Sanctions Risk Can Hide in the Payment Route
AI upends Singapore’s ‘quant Olympics’
Longshots Losing 98% of Time Dominate Kalshi, Polymarket Trading
Levi Strauss lifts annual profit outlook on tariff refunds, holiday demand
Lululemon’s New CEO Hires Head of Athleta in Management Shakeup
Centinel Spine Holdco files for IPO
Why is Profound Medical stock surging today?
World shares, euro slide as high oil prices, fiscal worries linger
Emerging Market Assets Snap Rally Amid Oil Swings, Rising Dollar
Lululemon Appoints Athleta CEO as Chief Product Officer
Tanker Struck by Projectiles Off Qatar, Crew Casualties Reported
European diesel margins climb over 10% on stock release talks
U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.66%
Canada stocks lower at close of trade; S&P/TSX Composite down 1.70%
US proposes to boost transit funding to areas with higher marriage, birth rates
Consumers Get Choosier About Credit
Trump to Announce Over $1 Billion Investment in AI Science Initiative
Levi Growth Slows After It Marketed Baggy Jeans Over Low-Rise
Fed minutes indicate broad agreement for another rate rise this year
Syria Considers Military Support for Saudi Arabia in Yemen Conflict
Dutch court orders Merck to halt Keytruda sales in Europe
Fed minutes show some officials want to prepare for market stress
Farm Machinery Firms Plunge as US Examines Market Practices
Prime Therapeutics Pushes Upfront Prices in New Drug Sales Model
D.A. Davidson Raises Micron Price Target to $3,000 Amid Strong Earnings
D.A. Davidson analyst Gil Luria has increased his price target for Micron Technology, Inc. to $3,000 from $2,100, suggesting that the company's shares could nearly triple from their current price of just above $1,000. This new target implies a valuation of approximately 19 times the expected earnings per share for fiscal 2027, compared to the current multiple of around six times. Luria's optimistic outlook is based on the belief that demand for memory chips will outstrip supply for several years, particularly driven by advancements in artificial intelligence that require more memory for optimal performance.
Micron's fiscal fourth-quarter revenue reached about $54 billion, surpassing forecasts of $51.5 billion, and the company has guided for approximately $61.5 billion in revenue for the current quarter. Despite a significant share price increase of over 260% this year, Luria argues that the market has not fully recognized Micron's growth potential, as many investors still view the company as a cyclical stock rather than a growth stock.
The analyst's target stands in stark contrast to the average Wall Street target of around $1,560, with Wells Fargo adjusting its target to $1,400 and Goldman Sachs maintaining a neutral rating at $1,100. Luria's forecast also factors in a substantial buyback program expected in December, which could further enhance earnings per share by reducing the total share count. However, the historical tendency for memory stocks to trade at low multiples during peak earnings could pose a challenge to Luria's bullish thesis, as investors remain cautious about potential downturns.
© 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Source: KLEA News