DA Davidson Forecasts Strong Price Appreciation for Micron Technology (NASDAQ:MU) Stock

Key Points

• DA Davidson raised Micron Technology’s price target from $1,000 to $1,500 and maintained a buy rating, implying about 59% upside from the prior close.
• Micron’s stock was trading sharply higher, recently hitting $943.18 with a market value of about $1.06 trillion, after a massive run that has pushed the shares near their 52-week high.
• The company’s latest earnings were strong, with EPS of $12.20 and revenue of $23.86 billion, both well above expectations, reinforcing the bullish outlook tied to AI-driven memory demand.

Micron Technology (NASDAQ:MU - Get Free Report) had its price target boosted by equities researchers at DA Davidson from $1,000.00 to $1,500.00 in a report issued on Thursday. The firm currently has a "buy" rating on the semiconductor manufacturer's stock. DA Davidson's price objective indicates a potential upside of 59.04% from the stock's previous close.

A number of other analysts have also recently commented on the stock. TD Cowen upped their price objective on shares of Micron Technology from $550.00 to $660.00 and gave the company a "buy" rating in a research report on Tuesday, April 28th. KeyCorp upped their price objective on shares of Micron Technology from $450.00 to $600.00 and gave the company an "overweight" rating in a research report on Thursday, March 19th. UBS Group raised shares of Micron Technology from a "buy" rating to a "neutral" rating in a research note on Tuesday. Rosenblatt Securities reaffirmed a "buy" rating and issued a $500.00 target price on shares of Micron Technology in a research note on Monday, March 16th. Finally, Barclays upped their target price on shares of Micron Technology from $450.00 to $675.00 and gave the stock an "overweight" rating in a research note on Thursday, March 19th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $571.47.

Micron Technology Trading Up 1.6%

Shares of Micron Technology stock traded up $14.77 on Thursday, hitting $943.18. 20,413,706 shares of the company's stock traded hands, compared to its average volume of 42,954,664. The firm's 50-day moving average price is $538.07 and its two-hundred day moving average price is $402.54. The stock has a market capitalization of $1.06 trillion, a PE ratio of 44.26 and a beta of 1.91. Micron Technology has a one year low of $92.22 and a one year high of $956.16. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 2.32.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 EPS for the quarter, beating the consensus estimate of $9.19 by $3.01. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The company had revenue of $23.86 billion during the quarter, compared to analysts' expectations of $19.97 billion. During the same quarter in the previous year, the company posted $1.56 EPS. The business's revenue for the quarter was up 196 compared to the same quarter last year. On average, research analysts expect that Micron Technology will post 57.82 EPS for the current fiscal year.

Insider Buying and Selling at Micron Technology

In other news, EVP Sumit Sadana sold 24,000 shares of the stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the completion of the transaction, the executive vice president directly owned 224,021 shares in the company, valued at $94,391,248.35. This represents a 9.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Steven J. Gomo sold 2,000 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the transaction, the director owned 17,139 shares of the company's stock, valued at approximately $13,488,907.17. This represents a 10.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 106,000 shares of company stock valued at $47,032,460. Corporate insiders own 0.24% of the company's stock.

Institutional Investors Weigh In On Micron Technology

Several hedge funds have recently bought and sold shares of MU. Kohmann Bosshard Financial Services LLC bought a new position in Micron Technology in the 1st quarter valued at about $27,000. High Note Wealth LLC raised its holdings in Micron Technology by 65.4% in the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer's stock valued at $25,000 after acquiring an additional 34 shares during the period. Elevation Wealth Partners LLC raised its holdings in Micron Technology by 295.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer's stock valued at $27,000 after acquiring an additional 71 shares during the period. Steigerwald Gordon & Koch Inc. raised its holdings in Micron Technology by 4,800.0% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer's stock valued at $28,000 after acquiring an additional 96 shares during the period. Finally, Bayban bought a new position in Micron Technology in the 4th quarter valued at about $29,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology News Roundup

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

• Positive Sentiment: UBS significantly raised its price target on Micron, reinforcing a bullish Street view on AI-driven memory demand and higher long-term earnings. Micron's Rally Looks Wild — But Analysts Say The Numbers Still Make Sense
• Positive Sentiment: Micron’s trillion-dollar valuation milestone is drawing momentum buying and signaling that investors see it as a core AI infrastructure beneficiary. Micron joins $1 trillion club as AI race powers memory chip boom
• Positive Sentiment: Strong earnings and guidance, including a major revenue and EPS beat, support the view that the rally is backed by fundamentals. Micron's AI Bottleneck Trade Just Started
• Neutral Sentiment: Micron announced its fiscal third-quarter earnings date for June 24, keeping upcoming results in focus for traders. Micron Technology to Report Fiscal Third Quarter Results on June 24, 2026
• Negative Sentiment: Some commentary warns the stock may be getting extended after its massive run and could be vulnerable if AI demand expectations cool. Micron Surge Shows AI Euphoria Is Entering New Stage—And That's Dangerous

About Micron Technology

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.

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