Micron Technology (NASDAQ:MU) Stock Price Expected to Rise, Citigroup Analyst Says

Key Points

• Citigroup raised its price target on Micron to $430 (from $385) and maintained a "buy" rating, joining multiple firms that have lifted targets—some as high as $650—with a consensus target around $381.14.
• Micron recently reported a strong quarter, posting $4.78 EPS vs. $3.77 expected and revenue of $13.64B (up 56.7% year-over-year), and set Q2 guidance of 8.220–8.620 EPS.
• Institutional and hedge-fund ownership is elevated (about 80.84%), with large new/additional stakes from firms like Norges Bank, AQR and Vanguard, while insiders have net sold more than they've bought in the past 90 days.

Micron Technology (NASDAQ:MU - Get Free Report) had its price target upped by stock analysts at Citigroup from $385.00 to $430.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the semiconductor manufacturer's stock. Citigroup's target price would indicate a potential upside of 14.39% from the stock's current price.

Several other analysts have also commented on MU. Needham & Company LLC increased their price target on shares of Micron Technology from $380.00 to $450.00 and gave the company a "buy" rating in a research report on Tuesday, February 17th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Micron Technology in a research report on Thursday, January 29th. Morgan Stanley boosted their price objective on shares of Micron Technology from $350.00 to $450.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 11th. JPMorgan Chase & Co. raised their target price on shares of Micron Technology from $220.00 to $350.00 and gave the company an "overweight" rating in a research note on Thursday, December 18th. Finally, Barclays lifted their price target on shares of Micron Technology from $275.00 to $450.00 and gave the stock an "overweight" rating in a report on Friday, January 16th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, Micron Technology has an average rating of "Buy" and a consensus price target of $381.14.

Micron Technology Stock Up 1.5%

Shares of NASDAQ:MU traded up $5.62 on Monday, reaching $375.92. The company had a trading volume of 16,662,047 shares, compared to its average volume of 35,610,973. The firm has a market capitalization of $423.10 billion, a PE ratio of 35.73 and a beta of 1.50. The company has a current ratio of 2.46, a quick ratio of 1.78 and a debt-to-equity ratio of 0.19. Micron Technology has a 52-week low of $61.54 and a 52-week high of $455.50. The firm's 50 day simple moving average is $379.98 and its 200-day simple moving average is $263.57.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings data on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, topping analysts' consensus estimates of $3.77 by $1.01. Micron Technology had a return on equity of 22.71% and a net margin of 28.15%.The firm had revenue of $13.64 billion during the quarter, compared to analysts' expectations of $12.62 billion. During the same period in the prior year, the business posted $1.79 EPS. The firm's quarterly revenue was up 56.7% on a year-over-year basis. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. As a group, analysts expect that Micron Technology will post 6.08 earnings per share for the current fiscal year.

Insider Activity at Micron Technology

In other Micron Technology news, CAO Scott R. Allen sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $337.50, for a total transaction of $675,000.00. Following the transaction, the chief accounting officer owned 38,237 shares in the company, valued at approximately $12,904,987.50. This represents a 4.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Sumit Sadana sold 25,000 shares of the firm's stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $429.89, for a total transaction of $10,747,250.00. Following the completion of the transaction, the executive vice president directly owned 248,021 shares of the company's stock, valued at approximately $106,621,747.69. This represents a 9.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have bought 23,200 shares of company stock worth $7,821,723 and have sold 73,623 shares worth $27,307,408. 0.24% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Micron Technology

Several hedge funds have recently made changes to their positions in MU. Norges Bank purchased a new stake in shares of Micron Technology in the 4th quarter valued at $6,433,456,000. AQR Capital Management LLC raised its holdings in shares of Micron Technology by 411.9% during the third quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer's stock worth $606,873,000 after purchasing an additional 2,918,535 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Micron Technology by 1,340.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,820,986 shares of the semiconductor manufacturer's stock worth $805,148,000 after purchasing an additional 2,625,169 shares during the last quarter. Slate Path Capital LP acquired a new position in Micron Technology during the second quarter valued at $317,751,000. Finally, Vanguard Group Inc. lifted its position in Micron Technology by 1.9% during the second quarter. Vanguard Group Inc. now owns 103,879,662 shares of the semiconductor manufacturer's stock valued at $12,803,168,000 after purchasing an additional 1,973,294 shares during the period. 80.84% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Multiple analysts raised price targets and ratings on MU, citing accelerating AI-driven memory demand and tighter supply that should support pricing and margins. Article Title
• Positive Sentiment: Susquehanna raised its MU price target from $345 to $525 and moved to a Positive rating, implying material upside from current levels. Article Title
• Positive Sentiment: Aletheia sharply raised its target to $650 (from $315), highlighting sustained AI training/inference demand for high-bandwidth memory. Article Title
• Positive Sentiment: UBS and other channel checks point to prolonged supply tightness and strengthening pricing across DRAM/HBM; UBS recently raised its target to $475, supporting bullish consensus. Article Title
• Positive Sentiment: Micron’s S&P 100 inclusion and product wins — including a 256GB SOCAMM2 LPDRAM co-designed with Nvidia — underscore its growing role in AI data-center memory. Article Title
• Neutral Sentiment: Earnings previews (Seeking Alpha, Barron’s) expect Micron to beat again and potentially guide up, driven by locked HBM sales and customers prepaying for supply — positive fundamentals but tied to upcoming results risk. Article Title
• Neutral Sentiment: Micron is a significant holding in some ETFs (e.g., VLUE), which can amplify flows into MU but also concentrate risk for fund investors. Article Title
• Negative Sentiment: Some outlets and analysts warn parts of the market look vulnerable and that AI names (including Micron) could be overextended — a reminder of potential downside if macro or semiconductor cycles reaccelerate negatively. Article Title
• Negative Sentiment: Contrarian pieces note valuation risk: some analysts view MU as expensive at current multiples, which could amplify volatility if earnings or guidance disappoint. Article Title

Micron Technology Company Profile

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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