Micron Technology's (MU) "Buy" Rating Reiterated at Rosenblatt Securities

Key Points

• Rosenblatt Securities reiterated a Buy rating on Micron Technology and set a $1,900 price target, implying 92.11% upside from the previous close. Analysts overall maintain a “Moderate Buy” consensus with an average target of $1,407.88.
• Micron reported quarterly EPS of $33.42 and revenue of $54.23 billion, exceeding estimates and marking 379.1% year-over-year revenue growth. Shares opened down 3.9% at $989.04 despite the strong results.
• Investors remain focused on risks including potential memory-price and margin peaks, growing competition from China’s CXMT, Taiwan-related supply disruptions and uncertainty over the durability of AI-driven demand.

Micron Technology (NASDAQ:MU - Get Free Report)'s stock had its "buy" rating reissued by Rosenblatt Securities in a research report issued on Tuesday, Benzinga reports. They currently have a $1,900.00 target price on the semiconductor manufacturer's stock. Rosenblatt Securities' price target points to a potential upside of 92.11% from the stock's previous close.

MU has been the topic of a number of other reports. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $1,500.00 price objective on shares of Micron Technology in a research report on Thursday, October 1st. Wells Fargo & Company lowered their price objective 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. Wolfe Research set a $1,500.00 price objective on Micron Technology in a research report on Thursday, June 25th. Weiss Ratings raised Micron Technology from a "buy (b)" rating to a "buy (b+)" rating in a research report on Monday. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $1,200.00 price objective on shares of Micron Technology in a research report on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $1,407.88.

Micron Technology Trading Down 3.9%

Shares of NASDAQ:MU opened at $989.04 on Tuesday. The stock has a market capitalization of $1.12 trillion, a price-to-earnings ratio of 13.33, a PEG ratio of 0.18 and a beta of 2.22. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31. The stock's 50-day simple moving average is $983.23 and its two-hundred day simple moving average is $849.12. Micron Technology has a 52-week low of $186.25 and a 52-week high of $1,255.00.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $31.77 by $1.65. The business had revenue of $54.23 billion for the quarter, compared to analysts' expectations of $51.33 billion. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The business's revenue for the quarter was up 379.1% on a year-over-year basis. During the same period last year, the firm posted $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Analysts expect that Micron Technology will post 175.82 EPS for the current year.

Insider Buying and Selling

In related news, EVP Sumit Sadana sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total value of $14,014,350.00. Following the transaction, the executive vice president directly owned 191,021 shares of the company's stock, valued at approximately $178,469,010.09. The trade was a 7.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Scott R. Allen sold 879 shares of the business's stock in a transaction that occurred on 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 in the company, valued at approximately $34,958,000. This represents a 2.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 95,879 shares of company stock valued at $90,939,466. Corporate insiders own 0.24% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. DWR Wealth Management LLC purchased a new position in Micron Technology in the 3rd quarter worth approximately $209,000. Perpetual Ltd lifted its holdings in Micron Technology by 408.7% in the 3rd quarter. Perpetual Ltd now owns 42,495 shares of the semiconductor manufacturer's stock worth $45,262,000 after purchasing an additional 34,141 shares in the last quarter. Vertrix Wealth Management LLC lifted its holdings in Micron Technology by 12.0% in the 3rd quarter. Vertrix Wealth Management LLC now owns 281 shares of the semiconductor manufacturer's stock worth $299,000 after purchasing an additional 30 shares in the last quarter. JGP Wealth Management LLC lifted its holdings in Micron Technology by 19.3% in the 3rd quarter. JGP Wealth Management LLC now owns 2,354 shares of the semiconductor manufacturer's stock worth $2,507,000 after purchasing an additional 380 shares in the last quarter. Finally, Scott Capital Advisors LLC lifted its holdings in Micron Technology by 50.9% in the 3rd quarter. Scott Capital Advisors LLC now owns 347 shares of the semiconductor manufacturer's stock worth $377,000 after purchasing an additional 117 shares in the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology News Roundup

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

• Positive Sentiment: Micron authorized a record $35.16 billion share-repurchase program, with purchases expected to begin soon. The buyback signals management confidence, could support earnings per share and may cushion the stock after its recent pullback. Why Is Micron Stock Rising Today?
• Positive Sentiment: Recent results highlighted the strength of the AI-memory cycle: fiscal fourth-quarter revenue reached $54.23 billion, versus $11.32 billion a year earlier, while EPS of $33.42 exceeded the $31.77 consensus estimate. Long-term customer agreements, pricing protections and continued sequential growth guidance reinforce the bullish thesis. Micron: More For Longer
• Positive Sentiment: Rosenblatt reaffirmed a Buy rating with a $1,900 price target, while Erste Group expects fiscal 2028 EPS of $199.05, above the current-year consensus estimate of $175.82. D.A. Davidson has an even more aggressive $3,000 target, underscoring expectations that AI demand could make the upcycle last longer than traditional memory booms.
• Neutral Sentiment: At roughly six times forward earnings, MU appears inexpensive if current AI-driven profitability persists. However, the valuation also reflects investor concern that memory pricing and margins may eventually peak.
• Negative Sentiment: China’s ChangXin Memory Technologies (CXMT) reported progress on a denser “4F square” DRAM design aimed at server memory. Investors fear the technology could challenge Micron’s most profitable products, weaken pricing power and accelerate competition in a market currently benefiting from tight supply. Micron Fell Nearly 4% in a Day as China’s CXMT Targeted Server Memory
• Negative Sentiment: Additional concerns include potential Taiwan strike-related disruption, broader semiconductor weakness and signs that funding demand for AI infrastructure may be softening. These risks are causing investors to question whether Micron’s exceptional earnings growth represents a permanent structural shift or a late-cycle peak.

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.