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Micron Technology (MU) Stock Forecast & Price Target

$114.26
-3.19 (-2.72%)
(As of 07/19/2024 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

Based on 26 Wall Street analysts who have issued ratings for Micron Technology in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 26 analysts, 1 has given a hold rating, and 25 have given a buy rating for MU.

Consensus Price Target

$158.72
38.91% Upside
High Forecast$225.00
Average Forecast$158.72
Low Forecast$90.00

According to the 26 analysts' twelve-month price targets for Micron Technology, the average price target is $158.72. The highest price target for MU is $225.00, while the lowest price target for MU is $90.00. The average price target represents a forecasted upside of 38.91% from the current price of $114.26.

TypeCurrent Forecast
7/22/23 to 7/21/24
1 Month Ago
6/22/23 to 6/21/24
3 Months Ago
4/23/23 to 4/22/24
1 Year Ago
7/22/22 to 7/22/23
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)
25 Buy rating(s)
24 Buy rating(s)
23 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
6 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$158.72$147.32$122.20$73.43
Forecasted Upside38.91% Upside22.13% Upside21.42% Upside23.81% Upside
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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.
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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.
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Micron Technology Stock vs. The Competition

TypeMicron TechnologyComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.96
2.61
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside38.91% Upside117.45% Upside10.04% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/9/2024KeyCorp
4 of 5 stars
 Boost TargetOverweight ➝ Overweight$160.00 ➝ $165.00+26.25%
6/27/2024UBS Group
4 of 5 stars
 Lower TargetBuy ➝ Buy$155.00 ➝ $153.00+15.86%
6/27/2024Wedbush
3 of 5 stars
 Reiterated RatingOutperform ➝ Outperform$170.00 ➝ $170.00+25.56%
6/27/2024The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$138.00 ➝ $158.00+16.70%
6/27/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$130.00 ➝ $180.00+32.95%
6/27/2024TD Cowen
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 Boost TargetBuy$150.00 ➝ $160.00+12.39%
6/27/2024Needham & Company LLC
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 Boost TargetBuy ➝ Buy$120.00 ➝ $150.00+5.37%
6/27/2024Piper Sandler
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 Boost TargetOverweight ➝ Overweight$130.00 ➝ $150.00+5.37%
6/25/2024Rosenblatt Securities
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 Reiterated RatingBuy ➝ Buy$225.00 ➝ $225.00+61.86%
6/24/2024Morgan Stanley
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 Boost TargetEqual Weight ➝ Equal Weight$130.00 ➝ $140.00-0.18%
6/24/2024Citigroup
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 Boost TargetBuy ➝ Buy$150.00 ➝ $175.00+24.53%
6/24/2024Robert W. Baird
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 Boost TargetOutperform ➝ Outperform$150.00 ➝ $172.00+23.26%
6/21/2024Raymond James
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 Boost TargetOutperform ➝ Outperform$130.00 ➝ $160.00+14.18%
6/21/2024Wolfe Research
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 Boost TargetOutperform ➝ Outperform$150.00 ➝ $200.00+40.68%
6/20/2024Wells Fargo & Company
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 Boost TargetOverweight ➝ Overweight$135.00 ➝ $190.00+23.82%
6/18/2024Stifel Nicolaus
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 Boost TargetBuy ➝ Buy$140.00 ➝ $165.00+11.61%
6/17/2024Cantor Fitzgerald
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C. Muse
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Boost TargetOverweight ➝ Overweight$150.00 ➝ $180.00+25.11%
6/17/2024Susquehanna
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 Boost TargetPositive ➝ Positive$143.00 ➝ $185.00+27.24%
6/17/2024Bank of America
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 Boost TargetBuy ➝ Buy$144.00 ➝ $170.00+20.26%
5/31/2024Mizuho
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 Boost TargetBuy ➝ Buy$150.00 ➝ $155.00+22.73%
5/13/2024Barclays
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 Boost TargetOverweight ➝ Overweight$120.00 ➝ $145.00+18.11%
3/21/2024Fox Advisors
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 UpgradeEqual Weight ➝ Overweight
3/21/2024Argus
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 UpgradeHold ➝ Buy$140.00+45.45%
12/21/2023Evercore ISI
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 Boost TargetOutperform ➝ Outperform$90.00 ➝ $100.00+18.89%
12/21/2023Deutsche Bank Aktiengesellschaft
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 Boost TargetBuy ➝ Buy$85.00 ➝ $90.00+14.37%
12/18/2023BMO Capital Markets
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 Boost TargetOutperform ➝ Outperform$80.00 ➝ $90.00+10.85%
6/29/2023VNET Group
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 Reiterated RatingMaintains
6/29/202322nd Century Group
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 Reiterated RatingMaintains
4/13/2023New Street Research
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 Boost TargetBuy$75.00 ➝ $100.00+60.69%
1/3/2023Credit Suisse Group
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Chris Caso
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Set Target$66.00+32.05%
12/22/2022Cowen
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 Lower TargetOutperform$70.00 ➝ $66.00+35.16%
10/13/2022Loop Capital
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 Initiated CoverageBuy$70.00+27.53%
9/30/2022Summit Insights
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 UpgradeHold ➝ Buy
9/26/2022Susquehanna Bancshares
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 Lower TargetPositive$68.00 ➝ $60.00+20.92%
9/13/2022Exane BNP Paribas
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Karl Ackerman
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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 Sunday at 06:39 AM ET.

MU Forecast - Frequently Asked Questions

What is Micron Technology's forecast for 2024?

According to the research reports of 26 Wall Street equities research analysts, the average twelve-month stock price forecast for Micron Technology is $158.72, with a high forecast of $225.00 and a low forecast of $90.00.

Should I buy or sell Micron Technology stock right now?

26 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last year. There is currently 1 hold rating and 25 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" MU shares.

Does Micron Technology's stock price have much upside?

According to analysts, Micron Technology's stock has a predicted upside of 21.76% based on their 12-month stock forecasts.

Has Micron Technology been upgraded by Wall Street analysts recently?

Over the previous 90 days, Micron Technology's stock had 2 upgrades by analysts.

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 2.61. Learn more on how MU compares to other companies.


This page (NASDAQ:MU) was last updated on 7/21/2024 by MarketBeat.com Staff

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