Micron Technology (NASDAQ:MU) Price Target Raised to $338.00

Key Points

• Morgan Stanley raised its price target on Micron to $338 (from $325) and keeps an "overweight" rating, implying roughly a 51% upside from the recent share price (~$223.42).
• Micron beat quarterly expectations with EPS of $3.03 and revenue up 46.1%, and the stock traded up to $223.42 as the company carries a market cap near $251 billion and a 12‑month high of $260.58.
• Analyst sentiment is largely positive (5 Strong Buy, 26 Buy, 4 Hold) but the MarketBeat consensus target is $216.11 — well below Morgan Stanley's view — while Micron's Q1 2026 guidance is EPS 3.60–3.90 and analysts expect about 6.08 EPS for the year.

Micron Technology (NASDAQ:MU - Get Free Report) had its price target raised by Morgan Stanley to $338.00 in a research note issued on Monday, November 24th,Benzinga reports. The brokerage currently has an "overweight" rating on the semiconductor manufacturer's stock. Morgan Stanley's price target would suggest a potential upside of 40.56% from the stock's previous close.

Several other analysts have also weighed in on MU. Cantor Fitzgerald lifted their price objective on Micron Technology from $185.00 to $200.00 and gave the stock an "overweight" rating in a report on Wednesday, September 24th. Wedbush raised their target price on Micron Technology from $200.00 to $220.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 24th. KGI Securities upgraded shares of Micron Technology from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 24th. Raymond James Financial boosted their price target on shares of Micron Technology from $150.00 to $190.00 and gave the company an "outperform" rating in a report on Wednesday, September 24th. Finally, Needham & Company LLC raised their price objective on shares of Micron Technology from $150.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, September 24th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, Micron Technology has an average rating of "Buy" and an average price target of $216.11.

Micron Technology Stock Performance

NASDAQ MU traded up $3.98 during midday trading on Monday, hitting $240.46. The company had a trading volume of 18,164,526 shares, compared to its average volume of 23,660,891. The firm has a fifty day simple moving average of $208.12 and a two-hundred day simple moving average of $150.00. Micron Technology has a fifty-two week low of $61.54 and a fifty-two week high of $260.58. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. The stock has a market cap of $270.31 billion, a price-to-earnings ratio of 31.68, a P/E/G ratio of 0.51 and a beta of 1.62.

Micron Technology (NASDAQ:MU - Get Free Report) last released its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.17. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The business had revenue of $11.32 billion during the quarter, compared to analysts' expectations of $11.05 billion. During the same quarter last year, the company earned $1.18 earnings per share. The firm's revenue was up 46.1% on a year-over-year basis. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Equities analysts forecast that Micron Technology will post 6.08 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Scott J. Deboer sold 82,000 shares of the stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the completion of the sale, the executive vice president owned 154,145 shares in the company, valued at $34,345,047.45. This trade represents a 34.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Mark J. Murphy sold 126,000 shares of the business's stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $225.31, for a total transaction of $28,389,060.00. Following the completion of the transaction, the chief financial officer owned 219,693 shares in the company, valued at approximately $49,499,029.83. This trade represents a 36.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 409,756 shares of company stock worth $85,308,033 in the last quarter. 0.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Micron Technology

Large investors have recently bought and sold shares of the business. American Capital Advisory LLC grew its holdings in shares of Micron Technology by 20.4% during the third quarter. American Capital Advisory LLC now owns 272 shares of the semiconductor manufacturer's stock worth $46,000 after purchasing an additional 46 shares during the last quarter. Winthrop Capital Management LLC lifted its position in Micron Technology by 4.0% during the 3rd quarter. Winthrop Capital Management LLC now owns 1,234 shares of the semiconductor manufacturer's stock worth $206,000 after buying an additional 47 shares in the last quarter. Main Street Research LLC grew its holdings in Micron Technology by 0.8% during the 3rd quarter. Main Street Research LLC now owns 5,976 shares of the semiconductor manufacturer's stock worth $1,000,000 after acquiring an additional 47 shares during the last quarter. Vivaldi Capital Management LP increased its position in Micron Technology by 2.6% in the 3rd quarter. Vivaldi Capital Management LP now owns 1,940 shares of the semiconductor manufacturer's stock valued at $325,000 after acquiring an additional 49 shares in the last quarter. Finally, Teamwork Financial Advisors LLC increased its position in Micron Technology by 0.4% in the 3rd quarter. Teamwork Financial Advisors LLC now owns 14,974 shares of the semiconductor manufacturer's stock valued at $2,505,000 after acquiring an additional 53 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.

About Micron Technology

Micron Technology, Inc designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.