markets

Luke Kawa12/16/25

Needham hikes price target on Micron by 50% to $300 ahead of earnings on tight memory chip supplies

Needham analyst Quinn Bolton boosted his price target on Micron to $300 from $200 ahead of its Q1 fiscal 2026 results, scheduled to be released on Wednesday.

While there have been numerous media reports that try to pin down who gets what in different prominent AI supply chains, the simple story here is that there’s effectively an oligopoly for dynamic random access memory chips (Micron, Samsung, and SK Hynix), and these companies have pricing power because of limited supply and elevated AI-fueled demand.

“We believe industry supply/demand is far tighter than management expected on its F4Q25 (Aug) earnings call,” Bolton wrote. “We expect industry supply will remain constrained throughout 2026 as Micron, Samsung, and SK Hynix are all constrained by clean room space and can only rely on node transitions to increase bit shipments in the near term.”

In other words, these companies are so capacity-constrained that the only way to sell more memory is to sell better chips as they move to more advanced editions.

“We note management recently confirmed the company’s HBM3E and HBM4 capacity is sold out for CY2026 and believe HBM continues to carry above corporate and DRAM average gross margin,” he wrote.

Bolton also boosted his estimates for full-year sales for Micron’s next two fiscal years by 8% and 14%, respectively, and adjusted earnings per share by 18% and 30%, respectively. Even so, all of these figures remain a little below the consensus estimate.

Wall Street analysts have been scrambling to rightsize their views on Micron ahead of earnings. The average price target has gone up by a whopping 67% over the last three months, and the shares spent the vast majority of time from late October through last week trading above the consensus outlook.

More Markets

See all Markets

Meet the newly public, Bezos-backed company that’s recreating the sun and stars

General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

Web Summit Vancouver 2026 - Day Three

markets

J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

Floridians Seek Employment Opportunities At Job Fair In Sunrise

Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

markets

Paige Oamek6/30/26

Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

Revenue of $11.0 billion (estimate: $10.8 billion).
Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

Latest Stories

Sherwood Media, LLC and Chartr Limited produce fresh and unique perspectives on topical financial news and are fully owned subsidiaries of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Money, LLC, Robinhood U.K. Ltd, Robinhood Derivatives, LLC, Robinhood Gold, LLC, Robinhood Asset Management, LLC, Robinhood Credit, Inc., Robinhood Ventures DE, LLC and, where applicable, its managed investment vehicles.

©2026 Sherwood Media, LLC