Updated 10 November 2026, 07:10 GMT, before the US market open. Micron (MU) closed Monday at $733.15, up $43.15 or 6.25 percent, and last traded at $728.53 after hours at 7:59 p.m. ET (StockAnalysis). Verdict: the stock has won back 55 percent of Thursday’s fall but remains 41.6 percent below its 52-week high of $1,255. US October CPI at 13:30 GMT is the next test. Reference levels: $795 above, $656 below.
Key facts
- Monday close: $733.15, up 6.25 percent, in a day range of $689.65 to $744.74 (StockAnalysis; Motley Fool).
- After hours: $728.53, down $4.62 or 0.63 percent, at 7:59 p.m. ET (StockAnalysis).
- Market backdrop: the S&P 500 rose 2.35 percent and the Nasdaq Composite 2.74 percent on Monday (Motley Fool).
- Thursday’s fall: Micron dropped 17.46 percent to $656.39 on 5 November, with a session low of $650.00 (Yahoo Finance daily data).
- 52-week range: $192.59 to $1,255.00 (Motley Fool, Nasdaq data).
- Company guide: fiscal Q1 2027 revenue of $61.5 billion, plus or minus $1.5 billion, and non-GAAP EPS of $38.15, plus or minus $1.00 (Micron, 30 September results).
- Analysts: average 12-month target of $1,562 from 49 analysts, in a range of $361 to $3,000 (StockAnalysis, S&P Global data, 9 November).
- CPI: the US October report is due today at 8:30 a.m. ET, 13:30 GMT (Bureau of Labor Statistics).
Why Micron rose on Monday
Coverage of Monday’s session points to a sector rebound and no new company announcement. Motley Fool attributed the 6.3 percent move to chip stocks continuing to recover from last week’s sell-off. Bank of America kept its Buy rating on Micron on 9 November, according to StockAnalysis, which does not show a new target for that note.
The rally was uneven inside the semiconductor group. Nvidia fell as much as 8 percent during Monday’s session, according to Yahoo Finance’s closing report, while Micron finished near the top of its range. Our Monday Nvidia page covers that separate story.
What Monday did and did not repair
Thursday’s drop came as investors worried that Democratic gains in the midterm elections could slow the AI data-center build-out, according to Motley Fool. The S&P 500 fell more than 4 percent that day, according to market reports. Our desk covered the session in its report on the $2.5 trillion market-value loss.
Measured from the Yahoo Finance closes, Thursday’s fall took $138.84 off the share price and the two sessions since have added back $76.76. Monday’s close is still below Wednesday’s $795.23 and well below the $855.10 close of 3 November. Our Monday forecast page, written before the open at a $690 spot, listed a 20-day average of $879.01 and a 50-day average of $961.64 as of Friday. Both remain far above the current price.
The earnings picture has not changed
Micron’s last report, on 30 September, showed fiscal Q4 revenue of $54.2 billion. The company guided fiscal Q1 to $61.5 billion and a non-GAAP gross margin of about 86.25 percent. No later filing has changed that guide. Micron has not confirmed its next results date, and outside calendars point to mid-December.
StockAnalysis lists fiscal 2027 consensus EPS of $176.50, which puts the stock at about 4.15 times forward earnings. A multiple that low usually means investors doubt the estimates will last. That debate is set out in our piece on the value-trap fears around memory stocks, and SanDisk’s 17.8 percent fall shows how the same worry hit the rest of the group.
The company’s board set a $35.16 billion repurchase authorization on 8 October, with buying able to start on 9 December under limits tied to its CHIPS Act agreements. An authorization does not require the company to buy any shares.
What analysts are saying
StockAnalysis shows 36 Strong Buy, 9 Buy and 4 Hold ratings among 49 analysts, with no Sell ratings. Bernstein reiterated a $1,300 target on 4 November and Citi maintained $1,300 on 29 October. Wedbush maintained $1,400 on 23 October. Most of those targets were set before Thursday’s fall, and the $1,562 average is more than double the current price, so they say more about estimates than about this week’s trading.
Micron stock: bull, base and bear
| Scenario | MU | What has to happen | Anchor |
|---|---|---|---|
| Bear | $656 | A hot CPI revives December rate-hike fears, or AI spending worries return, and the rebound fails. | Thursday’s $656.39 close; about 10.5 percent below Monday’s close. |
| Base | $690-$745 | The stock holds Friday’s level while the market digests CPI and waits for Nvidia’s results on 17 November. | Friday’s $690.00 close and Monday’s $744.74 high. |
| Bull | $795 | The chip rebound continues and Micron recovers everything lost on Thursday. | Wednesday’s $795.23 close; about 8.4 percent above Monday’s close. |
The bear case sits below the current price. These are reference levels measured from Monday’s close, not forecasts.
What to watch this week
- Today, 13:30 GMT: US October CPI. Stronger than expected US jobs data had already raised talk of a December rate rise.
- $744.74: Monday’s high, the first resistance.
- $690: Friday’s close, which Monday’s low of $689.65 tested.
- 17 November: Nvidia’s results, the next major reading on AI spending.
- Micron’s calendar: a confirmed date for fiscal Q1 results.
Quick take: Micron gained 6.25 percent to $733.15 on Monday in a broad chip rebound, with no new company news behind the move. It has regained 55 percent of Thursday’s loss. CPI today decides whether the bounce extends toward $795 or fades back toward $656.
FAQ
What is Micron’s stock price today?
Micron closed at $733.15 on Monday 9 November and was at $728.53 after hours at 7:59 p.m. ET (StockAnalysis). The regular session opens at 14:30 GMT.
Why did Micron stock go up on Monday?
Motley Fool attributed the 6.25 percent gain to chip stocks recovering from last week’s sell-off. The S&P 500 rose 2.35 percent and the Nasdaq Composite 2.74 percent the same day.
Why did Micron stock fall last Thursday?
The stock fell 17.46 percent on 5 November as investors worried that Democratic midterm gains could slow the AI data-center build-out, according to Motley Fool.
What is the Micron stock price target?
StockAnalysis lists an average 12-month target of $1,562 from 49 analysts, in a range of $361 to $3,000, as of 9 November. Those targets are not guarantees.
When does Micron report earnings?
Micron has not confirmed the date. Outside calendars point to mid-December. The company’s own announcement should be treated as final.
What are the key Micron levels?
Thursday’s $656.39 close and the $690 area below. Monday’s $744.74 high and Wednesday’s $795.23 close above. The 52-week high is $1,255.00.
Sources: StockAnalysis, 9 November (close, after-hours price, analyst targets, consensus EPS); Motley Fool, 9 November (reason for the move, index changes, day range, 52-week range); Yahoo Finance daily data and closing market report, 3-9 November; Micron fiscal Q4 results and filings, via FinanceFeeds coverage, 30 September to 9 November; Bureau of Labor Statistics release schedule.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Stock prices are volatile. Do your own research and consult a licensed financial adviser before making investment decisions.
