Micron Technology (NASDAQ:MU) Stock Rating Reaffirmed as Outperform by Wedbush

Posted by George Bondi on Sep 30th, 2026

Micron Technology (NASDAQ:MU – Get Free Report)‘s stock had its “outperform” rating reiterated by stock analysts at Wedbush in a research note issued to investors on Monday, Benzinga reports. They presently have a $1,400.00 price target on the semiconductor manufacturer’s stock. Wedbush’s price target would indicate a potential upside of 31.45% from the stock’s current price.

Several other research firms also recently commented on MU. Stifel Nicolaus upped their price objective on Micron Technology from $550.00 to $1,500.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of Micron Technology in a research note on Friday, August 7th. Citigroup boosted their target price on Micron Technology from $1,150.00 to $1,300.00 and gave the company a “buy” rating in a report on Wednesday, September 23rd. The Goldman Sachs Group upped their price target on Micron Technology from $900.00 to $1,100.00 and gave the stock a “neutral” rating in a research note on Thursday, June 25th. Finally, New Street Research raised Micron Technology from a “neutral” rating to a “buy” rating and increased their price target for the stock from $470.00 to $1,250.00 in a report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,348.03.

Read Our Latest Stock Report on Micron Technology

Micron Technology Price Performance

Shares of NASDAQ:MU opened at $1,065.08 on Monday. Micron Technology has a one year low of $163.96 and a one year high of $1,255.00. The stock has a market capitalization of $1.20 trillion, a price-to-earnings ratio of 24.11, a PEG ratio of 0.66 and a beta of 2.22. The company has a 50-day simple moving average of $950.64 and a 200-day simple moving average of $809.51. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $968.90, for a total value of $38,756,000.00. Following the completion of the transaction, the chief executive officer directly owned 264,503 shares of the company’s stock, valued at approximately $256,276,956.70. This trade represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the sale, the executive vice president owned 191,021 shares of the company’s stock, valued at approximately $178,469,010.09. The trade was a 7.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 95,879 shares of company stock valued at $90,939,466. Corporate insiders own 0.24% of the company’s stock.

Institutional Trading of Micron Technology

Institutional investors have recently bought and sold shares of the company. Andar Capital Management HK Ltd boosted its position in shares of Micron Technology by 856,960.3% in the 2nd quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock worth $39,571,847,000 after buying an additional 34,278,413 shares in the last quarter. Primecap Management Co. CA purchased a new position in Micron Technology during the 2nd quarter valued at about $22,182,263,000. Bank of America Corp DE raised its position in Micron Technology by 26.6% during the second quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer’s stock worth $11,744,621,000 after acquiring an additional 2,136,470 shares during the last quarter. Invesco Ltd. raised its position in Micron Technology by 1.6% during the fourth quarter. Invesco Ltd. now owns 9,777,239 shares of the semiconductor manufacturer’s stock worth $2,790,522,000 after acquiring an additional 155,073 shares during the last quarter. Finally, Legal & General Group Plc purchased a new stake in shares of Micron Technology in the second quarter valued at about $8,402,393,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

More Micron Technology News

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

Positive Sentiment: Analysts remain broadly bullish ahead of earnings. JPMorgan expects a potential “beat and raise,” while Baird lifted its price target to $1,520 and Wedbush maintained an Outperform rating with a $1,400 target. JPMorgan Sees Micron Positioned for Beat-and-Raise Ahead of Q4 Results
Positive Sentiment: Investor expectations center on roughly $50 billion of quarterly revenue, adjusted earnings near $31–$32 per share and gross margins approaching 86%. Strong DRAM and HBM pricing, data-center demand and constrained supply could support results above guidance. Micron Earnings Tomorrow: Here’s What Analysts Expect
Positive Sentiment: JPMorgan Says Micron’s Rally May Not Be Over
Neutral Sentiment: Options markets imply a move of approximately 8%–10% after earnings, highlighting unusually high event risk. Investors will focus less on the completed quarter and more on fiscal 2027 pricing, HBM supply, margins and demand outside AI. Here’s How Much Traders Expect Micron Stock to Move After Earnings
Negative Sentiment: Micron faces a very high earnings bar after its substantial rally. Rising Treasury yields and oil prices are pressuring technology valuations, while some investors worry that cooling non-AI memory demand or additional Chinese DRAM supply could weaken pricing and margins. Why I Wouldn’t Own Micron Into Print
Negative Sentiment: Netlist filed a complaint seeking a U.S. import ban on certain Micron chips used in AI systems from Google, Nvidia and Broadcom, creating a potential legal and supply-chain overhang. Netlist Seeks U.S. Import Ban on Micron Chips

About Micron Technology

(Get Free Report)

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, three-dimensional XPoint-related technologies, solid-state drives, and high-bandwidth memory products designed for demanding computing applications.

The company serves customers across the data center, artificial intelligence, networking, automotive, industrial, mobile, consumer electronics, and embedded markets.