Free Trial

Micron Technology (MU) Stock Forecast & Price Target

$129.49
+3.22 (+2.55%)
(As of 05/24/2024 04:00 PM ET)

Micron Technology - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 26 Analyst Ratings

Consensus Price Target

$126.92
-1.98% Downside
High Forecast$150.00
Average Forecast$126.92
Low Forecast$80.00
TypeCurrent Forecast
5/28/23 to 5/27/24
1 Month Ago
4/28/23 to 4/27/24
3 Months Ago
2/27/23 to 2/27/24
1 Year Ago
5/28/22 to 5/28/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
25 Buy rating(s)
24 Buy rating(s)
22 Buy rating(s)
24 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
2 Hold rating(s)
5 Hold rating(s)
Sell
0 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$126.92$122.20$94.95$70.03
Forecasted Upside-1.98% Downside21.42% Upside20.90% Upside23.15% Upside
Get Micron Technology Upgrade and Downgrade Alerts

Sign-up to receive the latest news and ratings for MU and its competitors with MarketBeat's FREE daily newsletter.

MU Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
Skip Chart & View Analyst Rating History

MU Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Micron Technology Stock vs. The Competition

TypeMicron TechnologyComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.96
2.58
2.49
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside-1.98% Downside190.44% Upside9.93% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/20/2024Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 UpgradeUnderweight ➝ Equal Weight$98.00 ➝ $130.00+3.76%
5/17/2024Mizuho
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetBuy ➝ Buy$130.00 ➝ $150.00+17.29%
5/13/2024Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetOverweight ➝ Overweight$120.00 ➝ $145.00+18.11%
5/6/2024Robert W. Baird
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 UpgradeNeutral ➝ Outperform$115.00 ➝ $150.00+30.78%
4/12/2024Stifel Nicolaus
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingBuy ➝ Buy$140.00+13.21%
4/8/2024Cantor Fitzgerald
Subscribe to MarketBeat All Access for the recommendation accuracy rating
C. Muse
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Boost TargetOverweight ➝ Overweight$135.00 ➝ $150.00+21.96%
4/8/2024KeyCorp
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetOverweight ➝ Overweight$135.00 ➝ $150.00+17.86%
4/4/2024Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingBuy ➝ Buy$150.00+17.62%
4/1/2024Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetBuy ➝ Buy$120.00 ➝ $144.00+14.39%
3/21/2024Piper Sandler
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetOverweight ➝ Overweight$95.00 ➝ $130.00+16.48%
3/21/2024Wedbush
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetOutperform ➝ Outperform$103.00 ➝ $130.00+18.16%
3/21/2024TD Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetOutperform ➝ Outperform$120.00 ➝ $150.00+35.83%
3/21/2024Wells Fargo & Company
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetOverweight ➝ Overweight$125.00 ➝ $135.00+20.54%
3/21/2024Fox Advisors
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 UpgradeEqual Weight ➝ Overweight
3/21/2024JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetOverweight ➝ Overweight$105.00 ➝ $130.00+35.06%
3/21/2024Needham & Company LLC
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetBuy ➝ Buy$100.00 ➝ $120.00+24.68%
3/21/2024Argus
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 UpgradeHold ➝ Buy$140.00+45.45%
3/19/2024UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetBuy ➝ Buy$95.00 ➝ $120.00+27.96%
3/18/2024Rosenblatt Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingBuy ➝ Buy$140.00+48.59%
1/19/2024Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetOutperform ➝ Outperform$90.00 ➝ $100.00+16.28%
12/21/2023Evercore ISI
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetOutperform ➝ Outperform$90.00 ➝ $100.00+18.89%
12/21/2023The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetBuy ➝ Buy$85.00 ➝ $97.00+23.27%
12/21/2023Deutsche Bank Aktiengesellschaft
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetBuy ➝ Buy$85.00 ➝ $90.00+14.37%
12/18/2023BMO Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetOutperform ➝ Outperform$80.00 ➝ $90.00+10.85%
12/18/2023Susquehanna
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetPositive ➝ Positive$90.00 ➝ $112.00+37.58%
7/19/2023Wolfe Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Initiated CoverageOutperform$80.00+23.15%
6/29/2023VNET Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingMaintains
6/29/202322nd Century Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingMaintains
4/13/2023New Street Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetBuy$75.00 ➝ $100.00+60.69%
1/3/2023Credit Suisse Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Chris Caso
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Set Target$66.00+32.05%
12/22/2022Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetOutperform$70.00 ➝ $66.00+35.16%
10/13/2022Loop Capital
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Initiated CoverageBuy$70.00+27.53%
9/30/2022Summit Insights
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 UpgradeHold ➝ Buy
9/26/2022Susquehanna Bancshares
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetPositive$68.00 ➝ $60.00+20.92%
9/13/2022Exane BNP Paribas
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Karl Ackerman
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Initiated CoverageOutperform$75.00+33.64%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 08:43 PM ET.

MU Frequently Asked Questions

What is Micron Technology's stock forecast and purchase recommendation?

According to the research reports of 26 Wall Street equities research analysts, the average twelve-month stock price forecast for Micron Technology is $126.92, with a high forecast of $150.00 and a low forecast of $80.00. The consensus rating for Micron Technology stock is Moderate Buy based on the current 1 hold rating and 25 buy ratings for MU. Learn more on MU's analyst rating history.

Do Wall Street analysts like Micron Technology more than its competitors?

Analysts like Micron Technology more than other "computer and technology" companies. The consensus rating score for Micron Technology is 2.96 while the average consensus rating score for "computer and technology" companies is 2.58. Learn more on how MU compares to other companies.

Is Micron Technology being upgraded by Wall Street analysts?

Over the previous 90 days, Micron Technology's stock had 5 upgrades by analysts.

Does Micron Technology's stock price have much upside?

According to analysts, Micron Technology's stock has a predicted upside of 22.33% based on their 12-month stock forecasts.


Stock Forecasts and Research Tools

This page (NASDAQ:MU) was last updated on 5/27/2024 by MarketBeat.com Staff

From Our Partners