--- title: "Weekly Recap | Micron Tech -22.01%, consensus target above spot" type: "News" locale: "en" url: "https://longbridge.com/en/news/304723468.md" description: "Micron Tech (MU) fell 22.01% this week to close at $690, while the S&P 500 dropped 2.68%, leaving the stock about 19.33 percentage points behind. The weekly range was 27.18%, with the session pattern shaping up as a steep decline followed by a low-level bounce: Monday’s open at $890.535 gave way to a close of $833.59, the stock slid through Tuesday to Thursday, bottoming at $650 on Thursday 5 November, before rebounding with chip peers to $690 on Friday 6 November." datetime: "2026-11-07T08:27:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/304723468.md) - [en](https://longbridge.com/en/news/304723468.md) - [zh-HK](https://longbridge.com/zh-HK/news/304723468.md) generator: "portal-rs" --- # Weekly Recap | Micron Tech -22.01%, consensus target above spot ## The Week Micron Tech (MU) fell 22.01% this week to close at $690, while the S&P 500 dropped 2.68%, leaving the stock about 19.33 percentage points behind. The weekly range was 27.18%, with the session pattern shaping up as a steep decline followed by a low-level bounce: Monday’s open at $890.535 gave way to a close of $833.59, the stock slid through Tuesday to Thursday, bottoming at $650 on Thursday 5 November, before rebounding with chip peers to $690 on Friday 6 November. Daily volume averaged about 42.0m shares, roughly 61.5% above the median, suggesting both heavy selling and active dip-buying. ## Key Events The week’s story centred on a broad AI sell-off and the subsequent bounce. Early in the week, concerns over slowing data-centre construction weighed on semiconductor names, and Micron hit its weekly low of $650 on Thursday. Two catalysts then turned the tape: reports tied to TSMC lifted the memory-chip index, and news that Micron’s Q3 DRAM revenue rose 369% year on year circulated during Friday’s session. The stock climbed almost 8% intraday and closed 5.12% higher. Two company-specific items also stood out: labour-management negotiations showed new progress, with a new bonus calculation system set to launch next week and a fourth round of talks scheduled for 17 November; separately, a debate over whether Micron’s valuation is unreasonably cheap drew wide attention online, with one investor comparing Micron to Palantir as undervalued versus fully priced. On the macro side, a stronger-than-expected payrolls print kept rate-hike concerns alive, leaving Friday’s rebound on shaky footing. ## Analyst Ratings Coverage on Micron stands at 50 institutions: 9 rate it strong buy, 36 buy, 4 hold, and 1 no opinion, with no underweight or sell ratings. The consensus recommendation is strong buy, and the consensus target price is $1,561.91, about 126.36% above the current $690. The target range is unusually wide, from a low of $361 to a high of $3,000, pointing to sharp disagreement over Micron’s long-term path. Within the semiconductor manufacturing peer group, Micron ranks 5th out of 78 companies on analyst ratings, a relatively strong position. ## The Week Ahead Next week brings a heavy macro calendar. On Tuesday 10 November, the US releases CPI and core CPI: the market will watch whether core CPI lands near the 2.8% estimate and how headline CPI shifts from 3.7% against a 3.9% forecast, since either outcome could tilt rate expectations. The NFIB small-business optimism index also lands that day. On the corporate side, Micron reports fiscal Q1 2027 results after the close on 16 December, with estimates at $37.91 in EPS and $61.8bn in revenue. Before that, the 17 November labour talks and the valuation debate that surfaced this week could keep volatility elevated. ## In Short This week’s price action captures the classic trait of high-volatility AI semiconductor assets: the consensus rating remains strong buy and the consensus target sits about 126% above spot, but in the near term, concerns over AI data-centre spending and rate expectations are both weighing on valuation. At roughly 9.19x P/E and 5.64x P/B, the multiples are not stretched, yet a weekly drop of 43.98% with nearly 30% amplitude and above-median volume shows how fiercely capital is wrestling over direction. The next tests are whether CPI shifts the rate narrative, and whether labour progress plus Q3 DRAM growth can give the rebound a firmer footing. *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 is rebounding. 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