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Morgan maintained a Buy rating on Micron, with a price target of $1,540.00. 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Stock's Make-or-Break Year-Mark Your Calendars","url":"https://stock-news.laohu8.com/highlight/detail?id=2673055804","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2673055804?lang=en_us&edition=fundamental","pubTime":"2026-10-06 19:16","pubTimestamp":1791285360,"startTime":"0","endTime":"0","summary":"Micron Technology seems to have leveled off after its latest breakout. Shareholders waiting to see when the memory-chip company will garner a higher valuation might have to wait for a while.Micron shares were down 0.2% at $1,061.50 in premarket trading Tuesday. Although the stock has rebounded handily from lows of below $800 in the summer, recent blowout earnings haven't helped it regain the highs of more than $1,200 reached earlier this year.As Barron's has previously written, the problem is that investors are still wary of what happens when the artificial-intelligence boom stops driving memory prices higher. Although Micron has locked in long-term supply deals, the market doesn't seem willing to assign it a permanently higher price-to-earnings multiple until it sees evidence of what happens in a downcycle.So when will that downcycle actually 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