Micron Technology Receives Price Target Hikes Amid Insider Purchase and Analyst Optimism
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: stocktwits
- Analyst Target Increases: Wells Fargo, Barclays, and Citigroup have raised Micron's price targets to $410, $450, and $385 respectively, reflecting expectations for strong growth in the semiconductor sector driven by the AI boom in 2026, although market confidence for further upside remains limited.
- Insider Purchase Boost: Micron director Teyin Liu purchased $7.8 million worth of 23,200 shares over Tuesday and Wednesday, contributing to a 1% rise in after-hours trading, indicating executive confidence in the company's future prospects.
- Strong Market Performance: Micron has gained 18% year-to-date and surged 240% over the past year, yet retail sentiment on Stocktwits remains ‘bearish’, reflecting concerns about further price increases after significant gains.
- Analyst Rating Distribution: According to Koyfin, 36 out of 42 analysts rate Micron as ‘Buy’ or higher, indicating general market optimism about its future performance, despite the average price target of $337.15 being only slightly above the recent closing price.
Analyst Views on MU
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
26 Buy
3 Hold
0 Sell
Strong Buy
Current: 333.350
Low
170.00
Averages
228.21
High
325.00
Current: 333.350
Low
170.00
Averages
228.21
High
325.00
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.
