DA Davidson Issues Positive Forecast for Micron Technology (NASDAQ:MU) Stock Price

Key Points

• DA Davidson raised Micron’s price target to $2,100 from $2,000 and maintained a “Buy” rating, implying roughly 97% upside from the reported share price. Analysts broadly remain bullish, with 40 Buy ratings and five Holds.
• Micron exceeded quarterly expectations with $33.42 EPS and $54.23 billion in revenue, while revenue surged 379% year over year. Its fiscal Q1 2027 guidance also topped consensus, reflecting strong AI and high-bandwidth-memory demand.
• Insiders have sold 95,879 shares worth approximately $90.9 million over the past 90 days, while institutional investors own 80.84% of Micron’s outstanding stock.

Micron Technology (NASDAQ:MU - Get Free Report) had its price target lifted by stock analysts at DA Davidson from $2,000.00 to $2,100.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a "buy" rating on the semiconductor manufacturer's stock. DA Davidson's price objective would suggest a potential upside of 97.16% from the company's current price.

Several other research firms have also weighed in on MU. Wells Fargo & Company dropped their price target on Micron Technology from $1,525.00 to $1,400.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 23rd. JPMorgan Chase & Co. increased their price objective on Micron Technology from $550.00 to $1,540.00 and gave the stock an "overweight" rating in a report on Thursday, June 25th. Stifel Nicolaus raised their price objective on Micron Technology from $550.00 to $1,500.00 and gave the company a "buy" rating in a research report on Thursday, June 18th. TD Cowen restated a "buy" rating and set a $1,600.00 target price (up from $1,500.00) on shares of Micron Technology in a report on Wednesday, September 16th. Finally, Robert W. Baird boosted their target price on shares of Micron Technology from $1,280.00 to $1,520.00 and gave the company an "outperform" rating in a report on Monday. Forty analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Micron Technology currently has a consensus rating of "Moderate Buy" and an average price target of $1,378.08.

Micron Technology Stock Up 0.0%

Shares of NASDAQ:MU opened at $1,065.11 on Thursday. The stock's 50-day moving average is $952.75 and its 200 day moving average is $814.16. The company has a market cap of $1.20 trillion, a PE ratio of 24.11, a P/E/G ratio of 0.67 and a beta of 2.22. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. Micron Technology has a 1 year low of $165.50 and a 1 year high of $1,255.00.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, topping the consensus estimate of $31.72 by $1.70. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The business had revenue of $54.23 billion during the quarter, compared to analyst estimates of $51.33 billion. During the same period in the prior year, the business earned $3.03 EPS. The company's revenue for the quarter was up 379.1% on a year-over-year basis. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Sell-side analysts anticipate that Micron Technology will post 73.12 EPS for the current year.

Insider Buying and Selling at Micron Technology

In other news, CEO Sanjay Mehrotra sold 40,000 shares of the firm's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the completion of the transaction, the chief executive officer directly owned 264,503 shares in the company, valued at $256,276,956.70. This trade represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Scott R. Allen sold 879 shares of Micron Technology stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total value of $879,000.00. Following the completion of the transaction, the chief accounting officer directly owned 34,958 shares of the company's stock, valued at approximately $34,958,000. This represents a 2.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 95,879 shares of company stock worth $90,939,466. 0.24% of the stock is owned by insiders.

Institutional Trading of Micron Technology

Institutional investors and hedge funds have recently bought and sold shares of the company. Andar Capital Management HK Ltd boosted its holdings in shares of Micron Technology by 856,960.3% during the 2nd quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer's stock valued at $39,571,847,000 after acquiring an additional 34,278,413 shares during the last quarter. Primecap Management Co. CA purchased a new position in shares of Micron Technology during the second quarter valued at approximately $22,182,263,000. Legal & General Group Plc bought a new position in Micron Technology during the second quarter valued at approximately $8,402,393,000. Situational Awareness LP lifted its position in Micron Technology by 1,149.0% during the second quarter. Situational Awareness LP now owns 4,828,786 shares of the semiconductor manufacturer's stock valued at $5,573,819,000 after purchasing an additional 5,289,124 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in Micron Technology in the second quarter worth approximately $3,761,237,000. 80.84% of the stock is currently owned by institutional investors.

Micron Technology News Roundup

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

• Positive Sentiment: Micron reported adjusted EPS of $33.42 on $54.23 billion in revenue, exceeding consensus estimates of approximately $31.72 EPS and $51.33 billion in revenue. Revenue increased 379% year over year, driven by artificial-intelligence data-center demand and high-bandwidth memory (HBM). Micron beats on revenue and earnings as global memory shortage continues
• Positive Sentiment: Fiscal first-quarter 2027 guidance was well above Wall Street expectations, with revenue projected at $60 billion-$63 billion versus a $57.2 billion consensus estimate and EPS of $37.15-$39.15 versus $35.36 expected. The outlook signals that AI-related memory demand and pricing power remain strong. Micron forecasts quarterly revenue above estimates
• Positive Sentiment: More than 75% of Micron’s expected 2027 output is reportedly committed, while analysts see memory markets remaining tight into 2028. D.A. Davidson maintained a Buy rating and raised its price target to $2,100 from $2,000. D.A. Davidson raises Micron price target

Micron Technology Company Profile

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, three-dimensional XPoint-related technologies, solid-state drives, and high-bandwidth memory products designed for demanding computing applications.

The company serves customers across the data center, artificial intelligence, networking, automotive, industrial, mobile, consumer electronics, and embedded markets.

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