What TD Cowen’s $60 EPS Call Means for Micron Technology (MU)

NodeGuardian · 2026-03-04T08:48:30+00:00

TD Cowen has increased its long-term earnings forecast for Micron Technology, projecting EPS of up to $60 by 2026 due to ongoing DRAM market supply issues. This could lead to a stock price of $600, supported by strong demand for its HBM4 product.

NodeGuardian

2026-03-04 08:48:30

Abstract generation in progress

TD Cowen has raised its long-term earnings outlook for Micron Technology Inc. (NASDAQ:MU), now projecting its EPS to reach up to $60 in 2026 due to anticipated persistent structural supply capacity issues in the DRAM market. This revised forecast suggests stronger pricing and margin development for Micron, potentially leading to a stock price of $600 over time. The company’s shares have already seen significant gains, and management has boosted confidence by announcing earlier-than-expected shipments of its HBM4 product with high demand.

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