Micron Technology, Inc. (MU) - What Are Analysts Saying About This Stock?

Key Points

• Analysts remain bullish: Micron has a “Moderate Buy” consensus from 46 analysts, including 41 buy ratings, with an average 12-month price target of $1,407.88.
• Strong AI-driven results: Quarterly revenue reached $54.23 billion and EPS was $33.42, exceeding expectations, while fiscal 2027 first-quarter EPS guidance of $37.15–$39.15 points to continued demand for memory products.
• Risks remain: Shares have pulled back from their record high amid sector weakness, higher yields and concerns about a future memory-cycle downturn and competition from China’s CXMT potentially pressuring pricing and margins.

Shares of Micron Technology, Inc. (NASDAQ:MU - Get Free Report) have earned a consensus rating of "Moderate Buy" from the forty-six ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $1,407.88.

Several analysts have recently issued reports on the company. William Blair set a $1,300.00 price target on Micron Technology in a research note on Thursday, October 1st. Arete Research raised their price objective on Micron Technology from $852.00 to $1,500.00 and gave the company a "buy" rating in a research note on Tuesday, July 21st. Wedbush restated an "outperform" rating and issued a $1,400.00 target price on shares of Micron Technology in a report on Monday, September 28th. Sanford C. Bernstein restated an "outperform" rating on shares of Micron Technology in a report on Thursday, October 1st. Finally, Mizuho upped their target price on Micron Technology from $1,300.00 to $1,400.00 and gave the stock an "outperform" rating in a research report on Thursday, October 1st.

Key Micron Technology News

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

• Positive Sentiment: Micron’s latest results exceeded expectations, with quarterly revenue of $54.23 billion and EPS of $33.42 versus consensus of $31.77. Management also issued strong fiscal 2027 first-quarter EPS guidance of $37.15–$39.15, reinforcing the outlook for continued AI-driven demand. Micron: More For Longer
• Positive Sentiment: Long-term customer agreements reportedly cover more than 35% of revenue through 2030 and include deposits and pricing protections, potentially supporting supply visibility and margins as high-bandwidth and server memory remain constrained. Micron May Become a Safe Haven Investment Prospect
• Positive Sentiment: Analysts and screening services continue to highlight MU’s earnings momentum, growth prospects and low PEG valuation. Micron is also increasing stock buybacks after its significant year-to-date rally, providing an additional source of shareholder support. Micron Increases Stock Buybacks
• Neutral Sentiment: The stock is testing technical support near its 50-day moving average after recently pulling back from a record high. Options activity and broader technology-sector weakness may contribute to short-term volatility, but do not necessarily change the long-term thesis. Micron Stock Tests Key Support
• Negative Sentiment: ChangXin Memory Technologies (CXMT) said it has made progress on a denser “4F square” DRAM design and plans to introduce a server-memory chip by year-end. Investors fear that cheaper, higher-density Chinese memory could eventually pressure Micron’s pricing power and margins, particularly in the profitable data-center market. Micron Stock Drops on CXMT Memory Chip News
• Negative Sentiment: Concerns that weak demand for AI-infrastructure funding, rising Treasury yields and a potential future memory-cycle downturn could limit additional upside after MU’s sharp advance are adding to the selling pressure. AI Infrastructure Funding Concerns

Micron Technology Stock Down 3.9%

MU stock opened at $989.04 on Tuesday. The company has a current ratio of 3.31, a quick ratio of 2.94 and a debt-to-equity ratio of 0.03. Micron Technology has a 1 year low of $186.25 and a 1 year high of $1,255.00. The company has a fifty day simple moving average of $983.23 and a 200 day simple moving average of $849.12. The firm has a market cap of $1.12 trillion, a PE ratio of 13.33, a PEG ratio of 0.18 and a beta of 2.22.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, topping the consensus estimate of $31.77 by $1.65. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The firm had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. During the same period in the prior year, the business posted $3.03 earnings per share. The business's quarterly revenue 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 175.82 EPS for the current fiscal year.

Micron Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date is Wednesday, October 14th. Micron Technology's dividend payout ratio (DPR) is 0.81%.

Insider Activity

In related news, EVP Sumit Sadana sold 15,000 shares of the company's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the completion of the sale, the executive vice president directly owned 191,021 shares of the company's stock, valued at approximately $178,469,010.09. This represents a 7.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the company'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 sale, the chief executive officer directly owned 264,503 shares of the company's stock, valued at approximately $256,276,956.70. This represents a 13.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 95,879 shares of company stock valued at $90,939,466 over the last 90 days. 0.24% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Andar Capital Management HK Ltd lifted its position 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 period. Primecap Management Co. CA purchased a new position in Micron Technology in the 2nd quarter valued at approximately $22,182,263,000. Legal & General Group Plc purchased a new position in Micron Technology in the 2nd quarter valued at approximately $8,402,393,000. Situational Awareness LP raised its holdings 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 worth $5,573,819,000 after purchasing an additional 5,289,124 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in Micron Technology during the second quarter worth $3,761,237,000. Institutional investors own 80.84% of the company's stock.

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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