Micron Technology (NASDAQ:MU) Price Target Raised to $1,900.00

Key Points

• Rosenblatt Securities raised Micron’s price target to $1,900 from $1,500 and maintained a “buy” rating, implying 78.39% potential upside. Analysts overall rate the stock “Moderate Buy,” with a consensus price target of $1,375.58.
• Micron reported quarterly EPS of $33.42 and revenue of $54.23 billion, beating estimates, while revenue surged 379% year over year on strong AI data-center and high-bandwidth memory demand.
• The company issued stronger-than-expected fiscal Q1 2027 guidance, forecasting $60 billion-$63 billion in revenue and EPS of $37.15-$39.15. Meanwhile, insiders sold approximately $90.9 million of shares over the past three months.

Micron Technology (NASDAQ:MU - Get Free Report) had its target price upped by investment analysts at Rosenblatt Securities from $1,500.00 to $1,900.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a "buy" rating on the semiconductor manufacturer's stock. Rosenblatt Securities' price target suggests a potential upside of 78.39% from the stock's current price.

Several other brokerages also recently commented on MU. Erste Group Bank upgraded Micron Technology from a "hold" rating to a "buy" rating in a research note on Thursday, June 25th. Mizuho set a $1,400.00 price target on Micron Technology in a research report on Thursday. New Street Research raised shares of Micron Technology from a "neutral" rating to a "buy" rating and increased their price target for the stock from $470.00 to $1,250.00 in a report on Friday, August 14th. Sanford C. Bernstein set a $1,300.00 target price on shares of Micron Technology and gave the stock an "outperform" rating in a report on Monday, June 22nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Micron Technology in a research note on Thursday. Forty analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Micron Technology currently has a consensus rating of "Moderate Buy" and an average price target of $1,375.58.

Micron Technology Trading Up 0.0%

Shares of MU stock opened at $1,065.11 on Thursday. The stock has a market capitalization of $1.20 trillion, a price-to-earnings ratio of 24.11, a PEG ratio of 0.67 and a beta of 2.22. The company's fifty day simple moving average is $952.75 and its two-hundred day simple moving average is $814.16. Micron Technology has a 1 year low of $165.50 and a 1 year high of $1,255.00. 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 (NASDAQ:MU - Get Free Report) last posted its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, topping analysts' consensus estimates of $31.72 by $1.70. The firm had revenue of $54.23 billion during the quarter, compared to analyst estimates of $51.33 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The business's revenue for the quarter was up 379.1% on a year-over-year basis. During the same period last year, the company earned $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, analysts anticipate that Micron Technology will post 73.12 earnings per share for the current year.

Insider Buying and Selling at Micron Technology

In related news, EVP Sumit Sadana sold 15,000 shares of the stock in a transaction 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 owned 191,021 shares of the company's stock, valued at $178,469,010.09. This represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sanjay Mehrotra sold 40,000 shares of the firm's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $968.90, for a total value of $38,756,000.00. Following the sale, the chief executive officer owned 264,503 shares in the company, valued at $256,276,956.70. The trade was a 13.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 95,879 shares of company stock worth $90,939,466 over the last three months. 0.24% of the stock is owned by insiders.

Institutional Trading of Micron Technology

A number of institutional investors have recently made changes to their positions in the stock. Andar Capital Management HK Ltd raised its holdings in 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 buying an additional 34,278,413 shares during the last quarter. Primecap Management Co. CA purchased a new stake in Micron Technology during the 2nd quarter valued at $22,182,263,000. Bank of America Corp DE grew its holdings in Micron Technology by 26.6% in the 2nd quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer's stock worth $11,744,621,000 after acquiring an additional 2,136,470 shares during the last quarter. Invesco Ltd. grew its holdings in Micron Technology by 1.6% in the 4th quarter. Invesco Ltd. now owns 9,777,239 shares of the semiconductor manufacturer's stock worth $2,790,522,000 after acquiring an additional 155,073 shares during the last quarter. Finally, Legal & General Group Plc purchased a new position in shares of Micron Technology in the second quarter valued at about $8,402,393,000. Hedge funds and other institutional investors own 80.84% of the company's stock.

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

About Micron Technology

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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