--- title: "Weekly Recap | Micron Tech -0.15%, consensus target above spot" type: "News" locale: "en" url: "https://longbridge.com/en/news/302953113.md" description: "Micron Tech (MU) finished the week down 0.15% at $877.55, while the S&P 500 slipped 0.47%, leaving Micron about 0.32 percentage points ahead of the benchmark. The daily path was choppy: Monday opened at $913.545, touched $926.810, and closed at $904.900; Tuesday and Wednesday swung between $881 and $928; Thursday slid as low as $849.250 to end at $856.490; Friday recovered to $877.550. Weekly amplitude came to 8.67%, an up-and-down ride with a late-week repair." datetime: "2026-10-24T06:43:01.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/302953113.md) - [en](https://longbridge.com/en/news/302953113.md) - [zh-HK](https://longbridge.com/zh-HK/news/302953113.md) generator: "portal-rs" --- # Weekly Recap | Micron Tech -0.15%, consensus target above spot ## The Week Micron Tech (MU) finished the week down 0.15% at $877.55, while the S&P 500 slipped 0.47%, leaving Micron about 0.32 percentage points ahead of the benchmark. The daily path was choppy: Monday opened at $913.545, touched $926.810, and closed at $904.900; Tuesday and Wednesday swung between $881 and $928; Thursday slid as low as $849.250 to end at $856.490; Friday recovered to $877.550. Weekly amplitude came to 8.67%, an up-and-down ride with a late-week repair. ## Key Events The week’s narrative centred on Thursday’s chip-sector sell-off and the quick bounce that followed. Micron dropped more than 6% intraday on Thursday to a near one-month low, alongside a broader tech rout triggered by Meta’s AI capital-spending fears; Intel fell 8% the same day, and Tesla’s capex cut added to concerns about AI chip demand. By Friday’s pre-market, Micron, SanDisk, and SK hynix all rebounded, with SK hynix up over 6% as dip buyers stepped back in. On the company side, Micron announced a new profit-sharing programme, but the Taoyuan union rejected it, pushing labour talks to 27 October. The CEO reportedly reaffirmed tight supply for the next two years, with HBM4 mass production approaching, while cooling problems for next-generation AI memory drew attention. Jensen Huang publicly pushed back on the memory-stock decline, saying the bears have it wrong. ## Analyst Ratings As of this week, 50 institutions cover Micron: 36 rate it buy, 9 rate it overweight, 3 rate it hold, 1 rates it underweight, and 1 has no opinion, with zero sell ratings. The consensus rating is strong buy. The consensus target price is $1,561.91111, about 77.99% above the spot price of $877.55; individual targets range from a low of $361.000 to a high of $3,000.000, a wide spread that reflects divergent long-term pricing views. Within the semiconductor makers industry, Micron ranks fifth out of 78 companies. ## The Week Ahead The macro calendar is heavy next week: the Dallas Fed manufacturing activity index arrives Monday, followed on Tuesday by durable goods orders and their ex-defence and ex-transport components, FHFA house prices, Case Shiller 20-city home prices, new home sales, the Richmond Fed composite index, and consumer confidence. On the company front, labour talks resume on 27 October after the Taoyuan union rejected the profit-sharing plan. Further out, Micron’s fiscal Q1 2027 earnings are scheduled for 16 December after market close, with consensus estimates at $37.9203 EPS and $61.7 billion in revenue. ## In Short Micron’s week leaves a tension between price action and positioning. The stock fell sharply on Thursday and bounced on Friday, closing only slightly lower, yet the put/call ratio climbed to 0.87, above its 20-day range high, meaning option traders paid up for downside protection. The sell-side consensus remains strong buy with a target far above spot, and the latest session’s large-lot, medium, and small flows were all net inflows, but the derivative tone does not fully match that direction. What to watch next is the labour negotiation outcome, how durable goods and housing data shift rate expectations, and whether the tight-supply narrative holds into the December earnings report. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [MUU.US](https://longbridge.com/en/quote/MUU.US.md) - [MUD.US](https://longbridge.com/en/quote/MUD.US.md) - [MULL.US](https://longbridge.com/en/quote/MULL.US.md) - [MUZ.US](https://longbridge.com/en/quote/MUZ.US.md) ## Related News & Research - [Micron Technology, Inc. $MU Stock Sold by Lmcg Investments LLC](https://longbridge.com/en/news/302854085.md) - [Micron Technology, Inc. $MU Holdings Reduced by Jackson Square Capital LLC](https://longbridge.com/en/news/302313721.md) - [Micron Stock Moves Higher: What's Going On?](https://longbridge.com/en/news/302449704.md) - [1,724 Micron Technology, Inc. $MU Shares Purchased by Ellis Investment Partners LLC](https://longbridge.com/en/news/302671338.md) - [Micron Technology, Inc. $MU Stock Purchased by Teamwork Financial Advisors LLC](https://longbridge.com/en/news/302388716.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**