Micron Technology (NASDAQ:MU) Stock Price Expected to Rise, TD Cowen Analyst Says

Micron Technology (NASDAQ:MU) had its price objective raised by analysts at TD Cowen from $300.00 to $450.00 in a research report issued on Tuesday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the semiconductor manufacturer’s stock. TD Cowen’s target price would indicate a potential upside of 22.72% from the company’s previous close.

A number of other analysts have also recently commented on the stock. HSBC began coverage on shares of Micron Technology in a report on Tuesday, December 9th. They set a “buy” rating and a $330.00 target price on the stock. Wells Fargo & Company lifted their price objective on Micron Technology from $335.00 to $410.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. JPMorgan Chase & Co. boosted their target price on shares of Micron Technology from $220.00 to $350.00 and gave the company an “overweight” rating in a research note on Thursday, December 18th. Rosenblatt Securities reiterated a “buy” rating and issued a $500.00 price objective on shares of Micron Technology in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Micron Technology from $200.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, December 9th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $338.72.

Micron Technology Stock Performance

Shares of MU stock opened at $366.68 on Tuesday. The stock has a fifty day moving average of $270.08 and a 200 day moving average of $194.48. The firm has a market capitalization of $412.70 billion, a price-to-earnings ratio of 34.86 and a beta of 1.50. The company has a quick ratio of 1.78, a current ratio of 2.46 and a debt-to-equity ratio of 0.19. Micron Technology has a 52 week low of $61.54 and a 52 week high of $365.81.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.77 by $1.01. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The company had revenue of $13.64 billion for the quarter, compared to analysts’ expectations of $12.62 billion. During the same quarter in the previous year, the company earned $1.79 earnings per share. Micron Technology’s quarterly revenue was up 56.7% on a year-over-year basis. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. As a group, research analysts expect that Micron Technology will post 6.08 earnings per share for the current year.

Insider Activity at Micron Technology

In other news, CAO Scott R. Allen sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $337.50, for a total value of $675,000.00. Following the completion of the sale, the chief accounting officer owned 38,237 shares in the company, valued at approximately $12,904,987.50. This trade represents a 4.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP April S. Arnzen sold 15,000 shares of the company’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $277.09, for a total transaction of $4,156,350.00. Following the transaction, the executive vice president owned 165,618 shares in the company, valued at $45,891,091.62. The trade was a 8.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 287,500 shares of company stock valued at $65,892,908 over the last quarter. 0.24% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of MU. Norges Bank bought a new stake in shares of Micron Technology during the second quarter valued at approximately $1,980,700,000. AQR Capital Management LLC increased its holdings in Micron Technology by 411.9% during the 3rd quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer’s stock worth $606,873,000 after purchasing an additional 2,918,535 shares during the period. Slate Path Capital LP bought a new stake in Micron Technology during the 2nd quarter valued at $317,751,000. Vanguard Group Inc. lifted its holdings in shares of Micron Technology by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 103,879,662 shares of the semiconductor manufacturer’s stock worth $12,803,168,000 after buying an additional 1,973,294 shares during the period. Finally, State Street Corp grew its position in shares of Micron Technology by 2.7% during the 2nd quarter. State Street Corp now owns 51,373,591 shares of the semiconductor manufacturer’s stock worth $6,331,795,000 after buying an additional 1,349,713 shares in the last quarter. Institutional investors own 80.84% of the company’s stock.

Key Micron Technology News

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

• Positive Sentiment: Rosenblatt reaffirmed a “buy” on Micron and set a $500 price target, implying substantial upside and signaling continued analyst conviction in MU’s AI-driven growth prospects. Rosenblatt Reaffirms Buy, $500 PT
• Positive Sentiment: Micron hit a new 52-week high as investors price in sustained AI/data-center memory demand and sold-out HBM supply — momentum that is lifting sentiment and valuations. Micron Hits New 52-Week High
• Positive Sentiment: Micron warns the global DRAM shortage is “unprecedented” and will persist as AI data-center demand surges, supporting pricing power and near-term revenue visibility for memory suppliers. Micron Warns of Unprecedented DRAM Shortage
• Positive Sentiment: Micron agreed to acquire a Taiwan chip fab for about $1.8B to boost DRAM/HBM production capacity — a strategic move to capture AI-driven demand and reduce supply constraints. Micron to Acquire Taiwan Fab for $1.8B
• Neutral Sentiment: Multiple outlets (Zacks, Motley Fool and others) are adding Micron to AI-themed buy lists, framing MU as a core AI-memory play — helpful for flows but not new company-specific fundamentals. Best AI Stocks to Buy and Hold: Micron
• Negative Sentiment: Barron’s and others flag market concerns that rapid capacity deals and heavy spending (fab purchases) could raise execution risk or capital intensity — a reminder that growth comes with balance-sheet and integration risk. Why Micron’s Fab Deal Raises Market Concerns

About Micron Technology

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.