Micron Technology (NASDAQ:MU) Stock Price Expected to Rise, Rosenblatt Securities Analyst Says

Micron Technology (NASDAQ:MU) had its target price boosted by analysts at Rosenblatt Securities from $1,500.00 to $1,900.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor manufacturer’s stock. Rosenblatt Securities’ price objective points to a potential upside of 78.39% from the stock’s current price.

MU has been the subject of several other reports. The Goldman Sachs Group set a $1,250.00 price objective on shares of Micron Technology in a report on Thursday. UBS Group reiterated a “buy” rating and set a $1,625.00 target price (up from $535.00) on shares of Micron Technology in a report on Wednesday, September 23rd. ThinkEquity restated a “buy” rating on shares of Micron Technology in a research note on Monday, August 3rd. Stifel Nicolaus lifted their price target on Micron Technology from $550.00 to $1,500.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Finally, BNP Paribas Exane upped their price target on Micron Technology from $615.00 to $1,700.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Forty investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Micron Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,375.58.

Micron Technology Price Performance

Shares of Micron Technology stock opened at $1,065.11 on Thursday. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. The company has a market cap of $1.20 trillion, a PE ratio of 24.11, a P/E/G ratio of 0.67 and a beta of 2.22. The business has a 50 day moving average of $952.75 and a 200 day moving average of $814.16. Micron Technology has a 52 week low of $165.50 and a 52 week high of $1,255.00.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 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 business had revenue of $54.23 billion during the quarter, compared to analyst estimates of $51.33 billion. During the same period in the prior year, the business earned $3.03 EPS. The company’s revenue for the quarter 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, equities research analysts forecast that Micron Technology will post 73.12 earnings per share for the current year.

Insiders Place Their Bets

In related news, CAO Scott R. Allen sold 879 shares of the company’s stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total value of $879,000.00. Following the transaction, the chief accounting officer owned 34,958 shares in the company, valued at $34,958,000. The trade was a 2.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the completion of the transaction, the executive vice president directly owned 191,021 shares of the company’s stock, valued at $178,469,010.09. This trade represents a 7.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 95,879 shares of company stock valued at $90,939,466. 0.24% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Micron Technology

Institutional investors and hedge funds have recently made changes to their positions in the company. Andar Capital Management HK Ltd boosted its stake in 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 valued at $39,571,847,000 after purchasing an additional 34,278,413 shares during the last quarter. Primecap Management Co. CA purchased a new position in shares of Micron Technology in the second quarter worth $22,182,263,000. Bank of America Corp DE raised its stake in shares of Micron Technology by 26.6% in 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 purchasing an additional 2,136,470 shares during the last quarter. Legal & General Group Plc bought a new position in shares of Micron Technology during the second quarter valued at $8,402,393,000. Finally, Wellington Management Group LLP lifted its holdings in shares of Micron Technology by 28.7% during the second quarter. Wellington Management Group LLP now owns 5,045,141 shares of the semiconductor manufacturer’s stock valued at $5,823,556,000 after purchasing an additional 1,125,414 shares in the last quarter. 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

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.