Micron Technology (NASDAQ:MU) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Key Points

• Wells Fargo raised its price target on Micron to $410 (from $335) with an "overweight" rating, and several other firms also boosted targets—the consensus price target is about $318.72 with most analysts recommending Buy.
• Micron reported a strong quarter—EPS $4.78 vs. $3.77 expected and revenue $13.64B (+56.7% YoY)—and demand for its HBM products is driving capacity ramps and revenue/margin upside into 2026–2027.
• Key risks include potential HBM supply pressure from competitor SK Hynix's planned capacity expansion and recent insider selling/analyst caution, which could create short‑term volatility despite the bullish re‑rating.

Micron Technology (NASDAQ:MU - Get Free Report) had its price target raised by analysts at Wells Fargo & Company from $335.00 to $410.00 in a report issued on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the semiconductor manufacturer's stock. Wells Fargo & Company's price target points to a potential upside of 19.27% from the company's current price.

Several other analysts also recently issued reports on MU. KeyCorp boosted their price target on Micron Technology from $325.00 to $450.00 and gave the company an "overweight" rating in a research note on Tuesday. Citigroup increased their target price on Micron Technology from $300.00 to $330.00 and gave the company a "buy" rating in a research report on Thursday, December 18th. HSBC initiated coverage on Micron Technology in a report on Tuesday, December 9th. They set a "buy" rating and a $330.00 price target on the stock. New Street Research reissued a "neutral" rating on shares of Micron Technology in a report on Tuesday, October 14th. Finally, BNP Paribas Exane upgraded Micron Technology from an "underperform" rating to an "outperform" rating and set a $270.00 price target on the stock in a research report on Monday, October 13th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $318.72.

Micron Technology Trading Up 3.1%

NASDAQ:MU traded up $10.40 during trading hours on Thursday, hitting $343.75. 6,696,494 shares of the stock were exchanged, compared to its average volume of 29,623,785. The company's 50 day moving average is $263.43 and its two-hundred day moving average is $189.11. Micron Technology has a twelve month low of $61.54 and a twelve month high of $351.23. The company has a market capitalization of $386.90 billion, a P/E ratio of 32.71, a price-to-earnings-growth ratio of 0.21 and a beta of 1.50. The company has a quick ratio of 1.78, a current ratio of 2.46 and a debt-to-equity ratio of 0.19.

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

Insiders Place Their Bets

In related news, CAO Scott R. Allen sold 8,800 shares of the business's stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $210.02, for a total value of $1,848,176.00. Following the sale, the chief accounting officer directly owned 40,237 shares in the company, valued at $8,450,574.74. The trade was a 17.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $277.09, for a total transaction of $4,156,350.00. Following the transaction, the executive vice president owned 165,618 shares in the company, valued at approximately $45,891,091.62. The trade was a 8.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 318,800 shares of company stock valued at $72,333,387. Company insiders own 0.24% of the company's stock.

Hedge Funds Weigh In On Micron Technology

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Micron Technology by 0.7% in the third quarter. Vanguard Group Inc. now owns 104,653,450 shares of the semiconductor manufacturer's stock valued at $17,510,615,000 after buying an additional 773,788 shares during the last quarter. State Street Corp lifted its holdings in Micron Technology by 0.6% in the 3rd quarter. State Street Corp now owns 51,659,173 shares of the semiconductor manufacturer's stock valued at $8,643,613,000 after acquiring an additional 285,582 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Micron Technology by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 25,690,491 shares of the semiconductor manufacturer's stock worth $3,152,974,000 after purchasing an additional 314,489 shares during the last quarter. Capital International Investors raised its holdings in shares of Micron Technology by 0.7% in the 3rd quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer's stock worth $3,910,198,000 after purchasing an additional 155,860 shares in the last quarter. Finally, Norges Bank acquired a new stake in Micron Technology during the second quarter valued at approximately $1,980,700,000. 80.84% of the stock is owned by institutional investors and hedge funds.

Micron Technology News Summary

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

• Positive Sentiment: Analyst upgrades and materially higher price targets — several firms have raised ratings/targets (examples: Cantor Fitzgerald raised its target to $450; KeyCorp to $450; RBC initiated with Outperform and $425), giving the stock sizable upside from current levels and supporting further momentum. Micron (MU) Stock: Wall Street Raises Price Target 29% on Margin Outlook
• Positive Sentiment: HBM demand and capacity ramp—MarketBeat and other outlets report Micron’s HBM product is sold out for 2026, with packaging and fabs (Singapore, Boise, Clay NY, Japan) ramping; tight HBM supply and pricing support revenue and margin upside into 2026–2027. Micron: Accelerating HBM Ramp Extends Growth Into 2027
• Positive Sentiment: Inclusion on growth and “strong buy” lists — Zacks and other outlets have added MU to top growth stock / Zacks Rank #1 lists, reinforcing buy-side interest from momentum and growth investors. 5 Growth Stocks to Buy in January for a Stronger Portfolio
• Neutral Sentiment: Comparative analyst pieces discuss MU vs other AI names (e.g., Palantir) — useful framing for asset allocation but not an immediate catalyst. Micron vs. Palantir: Which AI Stock Is the Better Buy for 2026?
• Negative Sentiment: Competitor capacity build — SK Hynix’s planned ~$13B memory plant could increase future HBM supply and price pressure, posing a longer‑term margin risk for Micron. SK Hynix Plans $13 Billion Memory-Chip Plant. What It Means for Micron Stock.
• Negative Sentiment: Analyst caution / profit-taking notes — some pieces flag downside risks (cyclical valuation, possible oversupply, peak margins) and note traders taking profits after rapid rerating, which could produce short-term volatility. Micron: Three Significant Risks That Could Be Crucial In The Long Term Micron Technology: Why I'm Taking Profits After A Rapid Rerating (Rating Downgrade)

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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