12:20 AM EDT, 05/15/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target to $900 from $500, on a revised peer-discount P/E of 7.5x our CY 27 EPS of $120.00. We raise our FY 26 (Aug.) EPS estimate to $60.71 from $57.68 and FY 27 to $115.63 from $89.95. We remain confident that MU's financial position has vastly improved and see FCF of +$50B in CY 26 and +$80B in CY 27, with expected prepayments from key customers to be leveraged towards capacity expansion initiatives. We expect pricing to remain resilient well into CY 27, fueled by higher AI capex spend and the greater wafer capacity needs for high-bandwidth memory. We believe that strategic customer agreements offer better revenue visibility, and next-gen NVIDIA servers offer considerable content growth. Over time, pricing increases are likely to moderate, especially as it creates some demand destruction in cyclical markets, while our target price and assumptions conservatively assume multiples remain within the lower end of the historical range on fear of what the other end of the cycle will look like.