Micron Technology (NASDAQ:MU) Stock Price Target Raised at DA Davidson

Posted by Geri Gentry on Oct 1st, 2026

Micron Technology (NASDAQ:MU – Get Free Report) had its price objective hoisted by DA Davidson from $2,000.00 to $2,100.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor manufacturer’s stock. DA Davidson’s price target would suggest a potential upside of 97.16% from the company’s current price.

MU has been the topic of a number of other reports. Bank of America lifted their price objective on Micron Technology from $950.00 to $1,500.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Wells Fargo & Company reduced their target price on shares of Micron Technology from $1,525.00 to $1,400.00 and set an “overweight” rating for the company in a report on Wednesday, September 23rd. Erste Group Bank upgraded shares of Micron Technology from a “hold” rating to a “buy” rating in a research note on Thursday, June 25th. HSBC increased their price objective on shares of Micron Technology from $1,100.00 to $1,700.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Finally, William Blair set a $1,300.00 price objective on shares of Micron Technology in a research report on Thursday. Forty research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,378.08.

Get Our Latest Analysis on Micron Technology

Micron Technology Stock Up 0.0%

MU stock opened at $1,065.11 on Thursday. The company has a market cap of $1.20 trillion, a price-to-earnings ratio of 24.11, a P/E/G ratio of 0.67 and a beta of 2.22. 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 business’s 50-day moving average is $952.75 and its two-hundred day moving average is $814.16. Micron Technology has a fifty-two week low of $165.50 and a fifty-two week high of $1,255.00.

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 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 firm had revenue of $54.23 billion for the quarter, compared to analysts’ expectations of $51.33 billion. During the same quarter in the prior year, the business earned $3.03 EPS. The business’s quarterly revenue was up 379.1% on a year-over-year basis. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, analysts forecast that Micron Technology will post 73.12 earnings per share for the current year.

Insider Activity

In other news, EVP Sumit Sadana sold 15,000 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total value of $14,014,350.00. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the transaction, the chief executive officer directly owned 264,503 shares of the company’s stock, valued at $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 95,879 shares of company stock worth $90,939,466 over the last quarter. Insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

Several institutional investors have recently added to or reduced their stakes in the company. Andar Capital Management HK Ltd raised its holdings in shares of Micron Technology by 856,960.3% during 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 acquiring an additional 34,278,413 shares in the last quarter. Primecap Management Co. CA bought a new stake in Micron Technology in the second quarter worth $22,182,263,000. Legal & General Group Plc bought a new stake in Micron Technology in the second quarter worth $8,402,393,000. Situational Awareness LP lifted its position in Micron Technology by 1,149.0% during the second quarter. Situational Awareness LP now owns 4,828,786 shares of the semiconductor manufacturer’s stock valued at $5,573,819,000 after purchasing an additional 5,289,124 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Micron Technology in the 2nd quarter worth $3,761,237,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Key Stories Impacting Micron Technology

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

Positive Sentiment: Micron reported adjusted EPS of $33.42 on $54.23 billion in revenue, exceeding consensus estimates of approximately $31.72 EPS and $51.33 billion in revenue. Revenue increased 379% year over year, driven by artificial-intelligence data-center demand and high-bandwidth memory (HBM). Micron beats on revenue and earnings as global memory shortage continues
Positive Sentiment: Fiscal first-quarter 2027 guidance was well above Wall Street expectations, with revenue projected at $60 billion-$63 billion versus a $57.2 billion consensus estimate and EPS of $37.15-$39.15 versus $35.36 expected. The outlook signals that AI-related memory demand and pricing power remain strong. Micron forecasts quarterly revenue above estimates
Positive Sentiment: More than 75% of Micron’s expected 2027 output is reportedly committed, while analysts see memory markets remaining tight into 2028. D.A. Davidson maintained a Buy rating and raised its price target to $2,100 from $2,000. D.A. Davidson raises Micron price target

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.