Micron Technology Inc's stock price increased by 4.35% in pre-market trading, reaching a 52-week high.
The surge in Micron's stock is attributed to a significant increase in memory demand, driven by companies like Nvidia and AMD, which has led to a projected 50% price increase in memory products. Additionally, analysts from Wells Fargo, Barclays, and Citigroup have raised their price targets for Micron, reflecting optimism about the company's growth potential in the semiconductor sector amid the ongoing AI boom. Furthermore, insider purchases by Micron's director indicate strong confidence in the company's future.
This positive momentum in Micron's stock highlights the company's robust performance in a competitive market, as it continues to capitalize on the growing demand for memory solutions.
Wall Street analysts forecast MU stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for MU is 228.21 USD with a low forecast of 170.00 USD and a high forecast of 325.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
29 Analyst Rating
Wall Street analysts forecast MU stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for MU is 228.21 USD with a low forecast of 170.00 USD and a high forecast of 325.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
26 Buy
3 Hold
0 Sell
Strong Buy
Current: 336.630
Low
170.00
Averages
228.21
High
325.00
Current: 336.630
Low
170.00
Averages
228.21
High
325.00
Mizuho
Vijay Rakesh
Outperform
upgrade
$290 -> $390
Al Analysis
2026-01-09
Reason
Mizuho
Vijay Rakesh
Price Target
$290 -> $390
Al Analysis
2026-01-09
upgrade
Outperform
Reason
Mizuho analyst Vijay Rakesh raised the firm's price target on Micron to $390 from $290 and keeps an Outperform rating on the shares. The firm adjusted targets in the semiconductors and semiconductor capital equipment group as part of its 2026 outlook. Mizuho sees continued upside for the group in 2026 due to "attractive valuations," but more modest than 2025. The analyst' top sectors in 2026 are AI accelerators and wafter fab equipment, Optical, and memory, while the firm remains cautious on electric vehicles, autos and analog as well as computers and handsets. Mizuho's top picks for 2026 are Nvidia, Lumentum and Broadcom.
UBS
Buy
maintain
$300 -> $400
2026-01-07
Reason
UBS
Price Target
$300 -> $400
2026-01-07
maintain
Buy
Reason
UBS raised the firm's price target on Micron to $400 from $300 and keeps a Buy rating on the shares. Micron management highlighted the durability of the memory cycle, emphasizing that AI has made DRAM more strategic and faster HBM obsolescence reduces customer inventory buildup, the analyst tells investors in a research note. These dynamics could lessen the severe cyclicality historically seen in the market and support more durable EPS, UBS says.
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Piper Sandler
Overweight
maintain
$275 -> $400
2026-01-07
Reason
Piper Sandler
Price Target
$275 -> $400
2026-01-07
maintain
Overweight
Reason
Piper Sandler raised the firm's price target on Micron to $400 from $275 and keeps an Overweight rating on the shares. The firm highlights that supply for calendar 2026 is effectively sold out, with limited ability to add capacity. Management noted pricing for high value products, such as HBM4, will be value derived. Piper continues to view the company as extremely well positioned as demand should continue to outstrip supply.
Morgan Stanley
Overweight
maintain
$338 -> $350
2025-12-18
Reason
Morgan Stanley
Price Target
$338 -> $350
2025-12-18
maintain
Overweight
Reason
Morgan Stanley raised the firm's price target on Micron to $350 from $338 and keeps an Overweight rating on the shares. The firm, which notes that Micron guided to $8.19 of EPS versus consensus at $4.78, had expected upside to its estimate, which was 10% above consensus, but adds "clearly we underestimated" as very strong DDR5 pricing has less of an HBM offset than the firm might have expected. "As long as the AI music plays, we believe this is going to keep happening," the analyst tells investors.
About MU
Micron Technology, Inc. provides memory and storage solutions. The Company delivers a portfolio of high-performance dynamic random-access memory (DRAM), NAND, and NOR memory and storage products through its Micron and Crucial brands. The Company's products enable advancing in artificial intelligence (AI) and compute-intensive applications. Its segments include Cloud Memory Business Unit (CMBU), Core Data Center Business Unit (CDBU), Mobile and Client Business Unit (MCBU) and Automotive and Embedded Business Unit (AEBU). CMBU is focused on memory solutions for large hyperscale cloud customers, and high bandwidth memory (HBM) for all data center customers. CDBU is focused on memory solutions for mid-tier cloud, enterprise, and OEM data center customers and storage solutions for all data center customers. MCBU is focused on memory and storage solutions for mobile and client segments. AEBU is focused on memory and storage solutions for the automotive, industrial, and consumer segments.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
