Micron Technology (NASDAQ:MU) Price Target Raised to $1,300.00

26 Sep 2026, 07:14 by Michael Walen · The Markets Daily

Micron Technology (NASDAQ:MU – Free Report) had its price objective increased by Citigroup from $1,150.00 to $1,300.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a buy rating on the semiconductor manufacturer’s stock.

MU has been the subject of several other reports. ThinkEquity reiterated a “buy” rating on shares of Micron Technology in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft upped their target price on Micron Technology from $1,500.00 to $1,550.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Seaport Research Partners restated a “buy” rating on shares of Micron Technology in a research note on Friday, August 14th. Raymond James Financial lifted their price target on Micron Technology from $1,100.00 to $1,500.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Finally, TD Cowen reiterated a “buy” rating and set a $1,600.00 price target (up from $1,500.00) on shares of Micron Technology in a research note on Wednesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Micron Technology has an average rating of “Moderate Buy” and a consensus price target of $1,341.87.

Read Our Latest Research Report on MU

Micron Technology Stock Performance

Shares of Micron Technology stock opened at $1,082.28 on Wednesday. The firm has a market capitalization of $1.22 trillion, a P/E ratio of 24.50, a PEG ratio of 0.68 and a beta of 2.22. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. The company has a 50 day moving average price of $944.98 and a 200 day moving average price of $797.50. Micron Technology has a 52 week low of $155.18 and a 52 week high of $1,255.00.

Micron Technology (NASDAQ:MU – Get Free Report) last released its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping the consensus estimate of $21.39 by $3.72. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The company had revenue of $41.46 billion for the quarter, compared to the consensus estimate of $35.91 billion. During the same quarter in the previous year, the firm earned $1.91 EPS. Micron Technology’s revenue was up 345.8% compared to the same quarter last year. Sell-side analysts expect that Micron Technology will post 72.99 EPS for the current year.

Insider Activity

In related news, EVP April Arnzen sold 40,000 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the completion of the transaction, the executive vice president directly owned 85,737 shares in the company, valued at $92,933,763.78. The trade was a 31.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lynn Dugle sold 1,300 shares of the company’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the completion of the sale, the director directly owned 17,728 shares in the company, valued at approximately $20,394,823.04. The trade was a 6.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 137,179 shares of company stock valued at $135,792,625 over the last quarter. Insiders own 0.24% of the company’s stock.

Institutional Trading of Micron Technology

Several hedge funds and other institutional investors have recently bought and sold shares of MU. Kohmann Bosshard Financial Services LLC acquired a new position in Micron Technology during the 1st quarter worth $27,000. Bullseye Investment Management LLC acquired a new stake in Micron Technology in the 2nd quarter valued at about $27,000. Bayban purchased a new position in shares of Micron Technology in the 4th quarter valued at about $29,000. Financial Life Planners purchased a new position in shares of Micron Technology in the 1st quarter valued at about $36,000. Finally, Portus Wealth Advisors LLC acquired a new position in shares of Micron Technology during the first quarter worth about $37,000. 80.84% of the stock is owned by institutional investors and hedge funds.

More Micron Technology News

Here are the key news stories impacting Micron Technology this week:

Positive Sentiment: Analysts remain highly optimistic ahead of earnings. Rosenblatt reaffirmed a Buy rating and a $1,500 price target, while UBS maintained a $1,625 target, citing rising earnings, stock buybacks and potentially durable profits from long-term contracts. Analyst sets Micron stock price target
Positive Sentiment: Wall Street expects a sharp year-over-year increase in fourth-quarter revenue and adjusted earnings, with forecasts near $31.50 per share. Analysts expect AI-driven memory demand, favorable supply-demand conditions and higher prices to support a potential “beat-and-raise” quarter. Micron likely to beat Q4 earnings estimates
Positive Sentiment: Technical indicators are signaling a strong bullish setup, and broader market conditions—including easing oil prices and lower Treasury yields—also helped support semiconductor shares. Why Micron stock is rising ahead of earnings
Neutral Sentiment: Investors will focus on gross-margin and capital-spending guidance, as well as management’s outlook for memory pricing and AI demand. These metrics could determine whether the stock’s substantial rally can continue. Two numbers to watch in Micron earnings
Negative Sentiment: Valuation and volatility remain risks after MU’s dramatic advance. Some analysts argue that AI growth may already be reflected in the share price, while NVIDIA offers broader AI exposure, higher margins and stronger return on equity. Micron versus NVIDIA
Negative Sentiment: Potential headwinds include the cyclical nature of memory markets, the possibility that China increases supply and pricing pressure, and an ITC investigation involving Netlist patent-infringement claims that could seek import restrictions. China memory pricing concerns

About Micron Technology

(Get Free Report)

Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.