Micron’s $MU Q4 reinforced the same story across Wall Street – AI memory demand remains strong, supply is tightening, and earnings durability may still be underestimated. TD Cowen: Buy | $1,600 Demand durability keeps improving, with revenue guidance well above expectations and AI memory upside beyond signed long-term agreements. JPMorgan: Overweight | $1,540 Called Q4 a “decisive beat-and-raise,” highlighting tighter supply-demand conditions and stronger multi-year earnings power. RBC: Outperform | $1,500 Sees supply-demand tightening further into 2027-28 and believes floor-pricing agreements still receive little credit in the stock. Morgan Stanley: Overweight | $1,200 Says the business continues to show strength, with Micron’s earnings durability still underappreciated despite more normalized beats.