Citigroup Issues Positive Forecast for Micron Technology (NASDAQ:MU) Stock Price

Posted by Tristan Rich on Jun 25th, 2026

Micron Technology (NASDAQ:MU – Get Free Report) had its price target raised by stock analysts at Citigroup from $1,200.00 to $1,400.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor manufacturer’s stock. Citigroup’s price objective indicates a potential upside of 16.53% from the company’s previous close.

A number of other research firms have also commented on MU. Melius Research started coverage on Micron Technology in a report on Monday, April 27th. They issued a “buy” rating and a $700.00 target price for the company. Bank of America upped their price target on Micron Technology from $950.00 to $1,500.00 and gave the company a “buy” rating in a report on Tuesday. Cantor Fitzgerald increased their price objective on Micron Technology from $700.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Monday, June 8th. Needham & Company LLC lifted their price objective on Micron Technology from $1,550.00 to $1,650.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Micron Technology in a research report on Tuesday, May 12th. Five research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Micron Technology has a consensus rating of “Buy” and an average price target of $1,184.13.

Check Out Our Latest Research Report on MU

Micron Technology Stock Up 14.6%

Shares of NASDAQ MU traded up $152.89 during midday trading on Thursday, hitting $1,201.40. The stock had a trading volume of 67,349,068 shares, compared to its average volume of 45,275,121. The business’s 50 day moving average is $788.74 and its 200-day moving average is $513.50. Micron Technology has a 52 week low of $103.38 and a 52 week high of $1,255.00. 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 company has a market cap of $1.35 trillion, a P/E ratio of 56.91 and a beta of 2.16.

Micron Technology (NASDAQ:MU – Get Free Report) last announced its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, beating the consensus estimate of $20.98 by $4.13. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The company had revenue of $41.46 billion during the quarter, compared to the consensus estimate of $35.91 billion. During the same quarter last year, the firm earned $1.91 earnings per share. The firm’s quarterly revenue was up 345.8% compared to the same quarter last year. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, analysts predict that Micron Technology will post 60.34 EPS for the current year.

Insider Transactions at Micron Technology

In other Micron Technology news, Director Steven J. Gomo sold 2,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $787.03, for a total value of $1,574,060.00. Following the transaction, the director directly owned 17,139 shares of the company’s stock, valued at approximately $13,488,907.17. This trade represents a 10.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP April S. Arnzen sold 40,000 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $347.39, for a total value of $13,895,600.00. Following the sale, the executive vice president owned 125,737 shares of the company’s stock, valued at approximately $43,679,776.43. This represents a 24.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 146,000 shares of company stock worth $85,486,715. 0.24% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Micron Technology

A number of institutional investors and hedge funds have recently made changes to their positions in MU. Kohmann Bosshard Financial Services LLC bought a new position in Micron Technology in the first quarter worth approximately $27,000. High Note Wealth LLC boosted its stake in shares of Micron Technology by 65.4% during the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 34 shares during the last quarter. Elevation Wealth Partners LLC grew its position in shares of Micron Technology by 295.8% during the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 71 shares during the period. Steigerwald Gordon & Koch Inc. grew its position in shares of Micron Technology by 4,800.0% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock valued at $28,000 after acquiring an additional 96 shares during the period. Finally, Bayban purchased a new stake in shares of Micron Technology in the 4th quarter worth $29,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

More Micron Technology News

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

Positive Sentiment: Micron beat Q3 estimates by a wide margin, with revenue of $41.46 billion and adjusted EPS of $25.11, showing that AI-driven DRAM and NAND demand is still accelerating. Reuters: Micron forecasts quarterly revenue above estimates
Positive Sentiment: Management guided Q4 revenue to $49 billion-$51 billion and EPS to $30-$32, far above Wall Street expectations, reinforcing the view that the AI memory cycle has more room to run. GlobeNewswire: Micron Technology, Inc. Reports Record Results for the Third Quarter of Fiscal 2026
Positive Sentiment: Analysts quickly raised price targets after the report, with several firms citing stronger visibility from long-term customer agreements and persistent supply shortages. Proactive Investors: Micron shares surge to all-time high as Wall Street cheers unprecedented contract visibility
Positive Sentiment: Micron said customers have committed billions of dollars years in advance for memory supply, suggesting AI infrastructure demand is still outpacing capacity and supporting the stock’s higher valuation. Benzinga: Micron Says AI Customers Are Paying Billions Today For Memory They Won’t Get Until Years Later

Micron Technology Company Profile

(Get Free Report)

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.