Micron Technology (MU) Stock Forecast & Price Target

$88.63 -1.19 (-1.32%)

(As of 12/27/2024 05:45 PM ET)

Micron Technology - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 26 Analyst Ratings

Sell
1

Hold
2

Buy
23

Based on 26 Wall Street analysts who have issued ratings for Micron Technology in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 26 analysts, 1 has given a sell rating, 2 have given a hold rating, and 23 have given a buy rating for MU.

Consensus Price Target

$135.24
52.59% Upside

According to the 26 analysts' twelve-month price targets for Micron Technology, the average price target is $135.24. The highest price target for MU is $250.00, while the lowest price target for MU is $67.00. The average price target represents a forecasted upside of 52.59% from the current price of $88.63.

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MU Analyst Ratings Over Time

Type	Current Forecast 12/29/23 to 12/28/24	1 Month Ago 11/29/23 to 11/28/24	3 Months Ago 9/30/23 to 9/29/24	1 Year Ago 12/29/22 to 12/29/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	23 Buy rating(s)	26 Buy rating(s)	25 Buy rating(s)	20 Buy rating(s)
Hold	2 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	4 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$135.24	$143.04	$144.38	$91.59
Forecasted Upside	52.59% Upside	45.66% Upside	34.31% Upside	7.32% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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MU Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

MU Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Micron Technology Stock vs. The Competition

Type	Micron Technology	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.85	2.69	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	52.59% Upside	417.77% Upside	14.07% Upside
News Sentiment Rating	Neutral News See Recent MU News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
12/20/2024	Barclays 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$145.00 ➝ $110.00	+26.31%
12/19/2024	Morgan Stanley 3 of 5 stars		Lower Target	Equal Weight ➝ Equal Weight	$114.00 ➝ $98.00	+13.39%
12/19/2024	Piper Sandler 2 of 5 stars		Lower Target	Overweight ➝ Overweight	$150.00 ➝ $120.00	+38.84%
12/19/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$180.00 ➝ $145.00	+66.34%
12/19/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$135.00 ➝ $130.00	+47.21%
12/19/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$150.00 ➝ $130.00	+47.21%
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12/19/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$145.00 ➝ $128.00	+49.27%
12/19/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$175.00 ➝ $140.00	+61.89%
12/19/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$135.00 ➝ $125.00	+20.31%
12/19/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$135.00 ➝ $115.00	+10.68%
12/19/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$125.00 ➝ $110.00	+5.87%
12/19/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$135.00 ➝ $125.00	+20.31%
12/19/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$140.00 ➝ $120.00	+15.50%
12/19/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$150.00 ➝ $130.00	+25.12%
12/18/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$140.00 ➝ $120.00	+8.13%
12/18/2024	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$250.00 ➝ $250.00	+130.20%
12/17/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$140.00 ➝ $140.00	+29.32%
10/28/2024	China Renaissance Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$148.00	+37.05%
10/8/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$145.00 ➝ $135.00	+31.18%
9/26/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$125.00 ➝ $140.00	+28.51%
9/26/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Positive ➝ Positive	$175.00 ➝ $165.00	+72.29%
9/17/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$175.00 ➝ $150.00	+68.27%
9/12/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Ackerman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Underperform	$140.00 ➝ $67.00	-26.09%
6/21/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$150.00 ➝ $200.00	+40.68%
3/21/2024	Fox Advisors Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight
3/21/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$140.00	+45.45%
12/21/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$90.00 ➝ $100.00	+18.89%
12/21/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$85.00 ➝ $90.00	+14.37%
12/18/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$80.00 ➝ $90.00	+10.85%
6/29/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
6/29/2023	22nd Century Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
4/13/2023	New Street Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$75.00 ➝ $100.00	+60.69%
1/3/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Chris Caso Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		$66.00	+32.05%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 03:30 PM ET.

Should I Buy Micron Technology Stock? MU Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, December 18, 2024. Please send any questions or comments about these Micron Technology pros and cons to contact@marketbeat.com.

Micron Technology
Bull Case

Here are some ways that investors could benefit from investing in Micron Technology, Inc.:

Micron Technology, Inc. reported a significant revenue increase of 93.3% compared to the same quarter last year, indicating strong growth potential and demand for its memory and storage products.
The company beat earnings expectations with $1.18 earnings per share, surpassing the consensus estimate of $0.97, which reflects effective management and operational efficiency.
Micron Technology, Inc. has a current stock price of approximately $113.00, which analysts believe has room for growth, with a consensus price target of $143.04, suggesting potential upside for investors.
The recent quarterly dividend of $0.115, with an annualized yield of 0.45%, provides a return on investment for shareholders, making it attractive for income-focused investors.
Analysts have issued a "Moderate Buy" rating for Micron Technology, Inc., with 26 out of 29 analysts recommending the stock, indicating strong market confidence in the company's future performance.

Micron Technology
Bear Case

Investors should be bearish about investing in Micron Technology, Inc. for these reasons:

The company has a relatively low return on equity of 1.58%, which may indicate less efficiency in generating profits from shareholders' equity compared to industry peers.
Micron Technology, Inc. has a net margin of only 3.10%, suggesting that while revenues are high, profitability may be constrained, which could affect long-term growth prospects.
Recent insider selling, including a transaction where an executive sold 4,890 shares, may raise concerns about the company's future performance and insider confidence.
Some analysts have downgraded their ratings, with BNP Paribas cutting their rating to "underperform" and reducing the price target significantly, indicating potential risks in the stock's performance.
The semiconductor industry is highly cyclical and subject to rapid changes in technology and demand, which could impact Micron Technology, Inc.'s revenue and profitability in the future.

MU Forecast - Frequently Asked Questions

: According to the research reports of 26 Wall Street equities research analysts, the average twelve-month stock price forecast for Micron Technology is $135.24, with a high forecast of $250.00 and a low forecast of $67.00.
: 26 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last twelve months. There is currently 1 sell rating, 2 hold ratings and 23 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" MU shares.
: According to analysts, Micron Technology's stock has a predicted upside of 52.59% based on their 12-month stock forecasts.
: Over the previous 90 days, Micron Technology's stock had 1 downgrade by analysts.
: Micron Technology has been rated by research analysts at Bank of America, Barclays, Cantor Fitzgerald, China Renaissance, JPMorgan Chase & Co., KeyCorp, Mizuho, Morgan Stanley, Needham & Company LLC, Piper Sandler, Robert W. Baird, Rosenblatt Securities, Sanford C. Bernstein, Stifel Nicolaus, TD Cowen, The Goldman Sachs Group, UBS Group, Wedbush, and Wells Fargo & Company in the past 90 days.
: Analysts like Micron Technology more than other "computer and technology" companies. The consensus rating score for Micron Technology is 2.85 while the average consensus rating score for "computer and technology" companies is 2.69. Learn more on how MU compares to other companies.

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This page (NASDAQ:MU) was last updated on 12/28/2024 by MarketBeat.com Staff

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Micron Technology (MU) Stock Forecast & Price Target