---
title: "Weekly Recap | Everspin Tech -1.09%, consensus target above spot"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/298100091.md"
description: "Everspin (MRAM) fell 1.09% this week to $16.37, underperforming the S&P 500, which rose 0.09% for a relative gap of about 1.18 percentage points. The stock opened Monday at $16.36, touched an intraday high of $16.90, then pulled back over the next three sessions to a low of $15.301 on Wednesday before recovering to $16.37 on Friday. Weekly amplitude came to 9.77%, noticeably wider than the broader market."
datetime: "2026-09-05T07:28:33.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/298100091.md)
  - [en](https://longbridge.com/en/news/298100091.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/298100091.md)
generator: "portal-rs"
---

# Weekly Recap | Everspin Tech -1.09%, consensus target above spot

## The Week

Everspin (MRAM) fell 1.09% this week to $16.37, underperforming the S&P 500, which rose 0.09% for a relative gap of about 1.18 percentage points. The stock opened Monday at $16.36, touched an intraday high of $16.90, then pulled back over the next three sessions to a low of $15.301 on Wednesday before recovering to $16.37 on Friday. Weekly amplitude came to 9.77%, noticeably wider than the broader market.

## Key Events

The company’s main headline this week was a partnership with Teledyne HiRel Semiconductors, announced Wednesday, to accelerate MRAM adoption in aerospace and defence applications. Around that, the storage chip sector was choppy: MRAM tracked the group lower early in the week, dropping nearly 5% at one point before finding a floor on Wednesday. From Thursday into Friday, storage names rallied broadly, with SanDisk, Seagate and Western Digital leading gains, while MRAM also firmed in pre-market and overnight trading. The aerospace news landed positively, but the stock still closed the week in the red.

## Analyst Ratings

Three brokers cover Everspin: two rate it buy and one rates it overweight, with no hold, underweight or sell ratings. The consensus recommendation is strong buy, with a consensus target of $25.67, about 56.79% above the latest close of $16.37. Target prices range from $19.00 to $38.00, showing wide dispersion. Within the semiconductor manufacturer peer group, the stock ranks 60th out of 77 names, in the lower-middle tier.

## The Week Ahead

The macro calendar is packed next week: Tuesday brings the NFIB small business optimism index, while Thursday features the 10-year Treasury auction, initial jobless claims, final-demand PPI and existing home sales. PPI will be in focus with a prior reading of 4.7% and a forecast of 5.3%. On the company side, there are no scheduled earnings, so attention turns to whether the storage chip rally carries through Friday’s momentum and whether the aerospace partnership generates follow-on commentary.

## In Short

Everspin lagged the market this week, sliding early before steadying into Friday’s close. The company landed a defence-related partnership, and broker ratings are uniformly buy or overweight with a consensus target more than 56% above spot, though target dispersion is wide and the peer ranking is middling. Meanwhile, latest-session fund flow shows small and medium lots as net buyers while large lots were net sellers, a retail-heavy mix. The key watch next week is how US inflation data feeds into sector sentiment and whether the storage rally can extend.

*This article is generated by LongbridgeAI from market data, for information only and not investment advice.*

### Related Stocks

- [MRAM.US](https://longbridge.com/en/quote/MRAM.US.md)

## Related News & Research

- [Everspin Tech (MRAM) Set to Release Quarterly Earnings on Wednesday](https://longbridge.com/en/news/302540755.md)
- [Everspin Q3 2026 Earnings: Revenue Rises 47% but Legal Costs Drive a GAAP Loss](https://longbridge.com/en/news/303449871.md)
- [ServiceNow Slips Ahead of AI-Heavy Earnings, What Is Going On?](https://longbridge.com/en/news/303422507.md)
- [Everspin Q3 net result swings to $7.18 million loss year-on-year](https://longbridge.com/en/news/303445344.md)
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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**