Micron Technology (NASDAQ:MU) Price Target Raised to $1,520.00

Posted by Brenda Bartman on Oct 1st, 2026

Micron Technology (NASDAQ:MU – Free Report) had its price objective upped by Robert W. Baird from $1,280.00 to $1,520.00 in a research report sent to investors on Monday, MarketBeat.com reports. The brokerage currently has an outperform rating on the semiconductor manufacturer’s stock.

A number of other research analysts also recently weighed in on MU. TD Cowen reaffirmed a “buy” rating and issued a $1,600.00 target price (up from $1,500.00) on shares of Micron Technology in a research report on Wednesday, September 16th. BMO Capital Markets assumed coverage on Micron Technology in a research report on Friday, August 21st. They issued an “outperform” rating and a $1,300.00 target price on the stock. Wedbush raised their price target on shares of Micron Technology from $1,300.00 to $1,400.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Royal Bank Of Canada restated an “outperform” rating and set a $1,500.00 price objective on shares of Micron Technology in a research note on Friday, September 18th. Finally, Bank of America boosted their target price on shares of Micron Technology from $950.00 to $1,500.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,348.03.

Get Our Latest Analysis on Micron Technology

Micron Technology Stock Performance

Shares of MU opened at $1,065.11 on Monday. The firm has a market cap of $1.20 trillion, a P/E ratio of 24.11, a PEG ratio of 0.67 and a beta of 2.22. Micron Technology has a twelve month low of $165.50 and a twelve month high of $1,255.00. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42. The firm’s 50 day moving average price is $952.75 and its two-hundred day moving average price is $814.16.

Micron Technology (NASDAQ:MU – Get Free Report) last issued its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $31.72 by $1.70. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The company had revenue of $54.23 billion during the quarter, compared to the consensus estimate of $51.33 billion. During the same quarter in the prior year, the firm earned $3.03 earnings per share. The firm’s revenue was up 379.1% compared to the same quarter last year. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, analysts forecast that Micron Technology will post 73.12 EPS for the current fiscal year.

Insider Transactions at Micron Technology

In other Micron Technology news, EVP Sumit Sadana sold 15,000 shares of the 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 completion of the sale, the executive vice president owned 191,021 shares of the company’s stock, valued at approximately $178,469,010.09. This represents a 7.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Scott R. Allen sold 879 shares of the stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the sale, the chief accounting officer owned 34,958 shares of the company’s stock, valued at approximately $34,958,000. This trade represents a 2.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 95,879 shares of company stock worth $90,939,466. Company insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Micron Technology

A number of hedge funds have recently added to or reduced their stakes in MU. Bullseye Investment Management LLC bought a new position in Micron Technology during the second quarter worth $27,000. Montgomery Financial Services LLC bought a new stake in Micron Technology in the second quarter worth about $38,000. JNBA Financial Advisors lifted its position in shares of Micron Technology by 77.3% during the 2nd quarter. JNBA Financial Advisors now owns 39 shares of the semiconductor manufacturer’s stock valued at $45,000 after buying an additional 17 shares during the last quarter. Ramsey Quantitative Systems purchased a new position in Micron Technology in the 2nd quarter valued at approximately $46,000. Finally, RHL Group LLC bought a new stake in shares of Micron Technology during the second quarter valued at about $47,000. 80.84% of the stock is currently owned by institutional investors.

Trending Headlines about Micron Technology

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

Positive Sentiment: Micron reported record fiscal Q4 revenue of $54.23 billion, up 379% year over year, while adjusted EPS reached approximately $33.42 versus the $31.61-$31.72 consensus range. Gross margin also surged to about 87%, reflecting strong pricing power. Micron beats on revenue and earnings as global memory shortage continues
Positive Sentiment: Fiscal Q1 2027 guidance exceeded expectations: revenue is projected at $60 billion-$63 billion versus roughly $57.2 billion expected, and EPS at $37.15-$39.15 versus about $35.36 expected. Management expects AI infrastructure demand and tight memory supply to support continued growth. Micron forecasts quarterly revenue above estimates
Positive Sentiment: Longer-term visibility improved through 26 strategic customer agreements covering more than 35% of estimated revenue through 2030, alongside $32 billion in customer financial commitments. Management anticipates supply-demand tightness through 2027-2028, potentially making the memory cycle more durable than prior cycles. Micron Q4 2026: These Numbers Don’t Look Real
Neutral Sentiment: The results reinforce Micron’s position as the only U.S.-based producer of high-bandwidth memory used in AI systems, but the stock has already experienced a dramatic rally. Investors may therefore demand further earnings and margin upgrades to sustain momentum.
Negative Sentiment: Potential risks include moderating DRAM pricing outside AI applications, increasing non-HBM supply from China, and concerns that Micron’s highly cyclical memory market could eventually normalize. Netlist also filed a complaint seeking a U.S. import ban on certain Micron chips used in AI products, creating a legal overhang. Netlist seeks U.S. import ban on Micron chips

About Micron Technology

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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.