Missed Nvidia in 2009? This Rare Signal Is Flashing Again.<\/strong>\u00a0In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia.\u00a0For the first time in years, that same “Total Conviction” signal is flashing for a company 1\/100th the size of Nvidia.\u00a0Continue \u00bb<\/strong><\/a> <\/p>\n Micron posted sales of $41.46 billion in the quarter, trouncing the average analyst estimate for revenue of $35.84 billion in the period. Meanwhile, earnings per share came in at $25.11, crushing the average estimate of $20.78. The company also guided for strong sales growth to continue, targeting roughly $50 billion in revenue in the current quarter — up from roughly $11.3 billion in the prior-year quarter. With such strong results and impressive forward guidance, it wasn’t surprising to see a wave of analysts raising valuation targets. <\/p>\n On June 25, Deutsche Bank<\/strong> published new coverage on the stock — maintaining a buy rating and raising its one-year price target from $1,500 per share to $1,550 per share. Melissa Weathers, the firm’s lead analyst on the stock, said that Micron’s fiscal Q3 report showed the business had cleared a high bar strategically and financially, and went so far as to describe the performance as “stunning.” <\/p>\n The same day, investment firm DA Davidson weighed in with its own new report on the stock. The firm reiterated its buy rating on Micron and raised its one-year price target from $1,500 per share to $2,000 per share. While the business has historically been subject to cyclical trends, demand connected to artificial intelligence<\/a> has provided the memory technology leader with its best-ever demand outlook and performance visibility. DA Davidson’s analysts said the strong demand cycle for AI memory chips is far from over, and Micron’s long-term supply contracts suggest they are correct. <\/p>\n Story Continues <\/p>\n On June 29, Cantor Fitzgerald also raised its one-year price target on the stock from $1,500 per share to $2,000 per share and maintained an overweight rating on the stock. Cantor’s analysts pointed to the company locking in future revenues at high gross margins through multi-year contracts as a big win for Micron, likely to translate into continued valuation gains. <\/p>\n Again, the latest wave of bullish analyst coverage doesn’t necessarily mean Micron stock will continue marching higher over the next year. Even though the business is posting stellar performance, macroeconomic pressures and other dynamics could lead to valuation stagnation or significant pullbacks in the stock. On the other hand, analysts’ positive coverage reflects just how strong the business’s results have been and how promising its outlook is — and it’s not hard to see why Wall Street loves the stock right now. <\/p>\n Should you buy stock in Micron Technology right now? <\/p>\n Before you buy stock in\u00a0Micron Technology, consider this: <\/p>\n The Motley Fool\u00a0Stock Advisor\u00a0analyst team just identified what they believe are the\u00a010 best stocks<\/strong><\/a>\u00a0for investors to buy now\u2026 and\u00a0Micron Technology\u00a0wasn’t one of them.\u00a0The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years. <\/p>\n Consider when\u00a0Netflix<\/strong>\u00a0made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation,\u00a0you’d have $400,101<\/strong>!*\u00a0Or\u00a0when\u00a0Nvidia<\/strong>\u00a0made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation,\u00a0you’d have $1,212,683<\/strong>!* <\/p>\n That performance is why people listen. With a track record of\u00a0beating the S&P 500 by 4x<\/strong>,\u00a0Stock Advisor\u00a0offers a distinct advantage. Don’t miss the latest top 10 list, available with\u00a0Stock Advisor, and join an investing community built for the long haul. <\/p>\n See the 10 stocks \u00bb<\/strong><\/a> <\/p>\n *Stock Advisor returns as of July 2, 2026. <\/p>\n Keith Noonan<\/a> has positions in Micron Technology. The Motley Fool has positions in and recommends Micron Technology. The Motley Fool has a disclosure policy<\/a>. <\/p>\n<\/a> Image source: Getty Images. Wall Street loved Micron’s fiscal Q3 report <\/p>\n