Citigroup Increases Micron Technology (NASDAQ:MU) Price Target to $840.00

Micron Technology (NASDAQ:MU) had its target price boosted by equities research analysts at Citigroup from $425.00 to $840.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor manufacturer’s stock. Citigroup’s price target would suggest a potential upside of 23.25% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Erste Group Bank lowered Micron Technology from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Sanford C. Bernstein raised their target price on Micron Technology from $330.00 to $510.00 and gave the company an “outperform” rating in a report on Wednesday, March 18th. UBS Group raised their target price on Micron Technology from $510.00 to $535.00 and gave the company a “buy” rating in a report on Wednesday, April 8th. William Blair started coverage on Micron Technology in a report on Thursday, January 22nd. They issued an “outperform” rating on the stock. Finally, Cantor Fitzgerald increased their price target on Micron Technology from $450.00 to $700.00 and gave the company an “overweight” rating in a research report on Thursday, March 19th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Micron Technology presently has a consensus rating of “Buy” and an average price target of $518.47.

Micron Technology Stock Down 6.0%

MU stock opened at $681.54 on Tuesday. Micron Technology has a twelve month low of $90.93 and a twelve month high of $818.67. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13. The stock’s 50 day moving average is $484.78 and its 200-day moving average is $374.96. The firm has a market capitalization of $768.60 billion, a PE ratio of 32.18 and a beta of 1.91.

Insider Transactions at Micron Technology

In other Micron Technology news, Director Steven J. Gomo sold 2,000 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the completion of the transaction, the director directly owned 17,139 shares of the company’s stock, valued at approximately $13,488,907.17. This represents a 10.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Sumit Sadana sold 24,000 shares of the stock in a transaction on Friday, April 10th. The shares were sold at an average price of $421.35, for a total value of $10,112,400.00. Following the transaction, the executive vice president directly owned 224,021 shares of the company’s stock, valued at approximately $94,391,248.35. This trade represents a 9.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 106,000 shares of company stock valued at $47,032,460 in the last three months. 0.24% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Micron Technology

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Micron Technology by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock worth $30,427,016,000 after acquiring an additional 1,954,644 shares during the period. State Street Corp boosted its holdings in shares of Micron Technology by 2.1% in the fourth quarter. State Street Corp now owns 52,749,817 shares of the semiconductor manufacturer’s stock worth $15,061,310,000 after acquiring an additional 1,090,644 shares during the period. Capital International Investors boosted its holdings in shares of Micron Technology by 0.7% in the third quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer’s stock worth $3,910,198,000 after acquiring an additional 155,860 shares during the period. Norges Bank bought a new position in shares of Micron Technology in the fourth quarter worth $6,433,456,000. Finally, Morgan Stanley boosted its holdings in shares of Micron Technology by 5.1% in the fourth quarter. Morgan Stanley now owns 16,396,655 shares of the semiconductor manufacturer’s stock worth $4,679,771,000 after acquiring an additional 794,289 shares during the period. 80.84% of the stock is owned by institutional investors.

Micron Technology News Summary

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

• Positive Sentiment: Several articles highlight strong AI-driven demand for Micron’s memory and storage chips, including HBM shortages and improving pricing power, which supports the bullish case for revenue and margin growth. Missed NVIDIA? This AI Stock Up 600%+ Could Be the Biggest 2026 Winner
• Positive Sentiment: Micron is still being viewed as one of the major beneficiaries of the AI hardware boom, and investor interest remains elevated after the stock’s huge multi-month gain. Nvidia and Micron Are Leading the AI Rally – But One Stock Is Pulling Ahead on Wall Street
• Positive Sentiment: Speculation that rival Samsung could face labor disruptions has raised hopes for tighter memory-chip supply, which would be favorable for Micron pricing and margins. Micron Stock Rises as Samsung Strike Spikes Fears Over Memory-Chips Shortage
• Positive Sentiment: Some investors are also pointing to Micron as a high-momentum AI stock, with articles arguing the shares still have upside despite a large rally. Is Micron Stock Expensive at $725? Here’s the Math on Why Shares Are Still Dirt Cheap.
• Neutral Sentiment: Micron is also showing up in articles about hedge fund and billionaire portfolio moves, which may keep the stock in focus but does not directly change the fundamentals. Billionaire Stanley Druckenmiller Dumped Google Parent Alphabet and Piled Into a Trio of Skyrocketing Memory and Storage Stocks
• Negative Sentiment: Recent coverage says Micron fell as investors worried about memory-market cyclicality, valuation after a steep AI rally, and broader semiconductor weakness, which helps explain the stock’s recent decline. Stock Market Today, May 18: Micron Falls as Memory Concerns Test AI Rally
• Negative Sentiment: Other reports echoed concerns that the stock’s recent drop was tied to questions about AI memory demand durability and possible China-related risk exposure. Why is Micron stock falling 7% today?

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.