Micron Technology (MU) Stock Forecast & Price Target

$102.91

+0.66 (+0.65%)

(As of 10/7/2024 ET)

Micron Technology - Analysts' Recommendations and Stock Price Forecast (2024)

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 27 Analyst Ratings

Sell
1

Hold
1

Buy
25

Based on 27 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 27 analysts, 1 has given a sell rating, 1 has given a hold rating, and 25 have given a buy rating for MU.

Consensus Price Target

$143.23
39.18% Upside

According to the 27 analysts' twelve-month price targets for Micron Technology, the average price target is $143.23. 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 39.18% from the current price of $102.91.

Get the Latest News and Ratings for MU and Related Stocks

Enter your email address to receive the latest news and analysts' ratings for Micron Technology and its competitors.

MU Analyst Ratings Over Time

Type	Current Forecast 10/8/23 to 10/7/24	1 Month Ago 9/8/23 to 9/7/24	3 Months Ago 7/10/23 to 7/9/24	1 Year Ago 10/8/22 to 10/8/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	25 Buy rating(s)	25 Buy rating(s)	25 Buy rating(s)	21 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	5 Hold rating(s)
Sell	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$143.23	$157.12	$158.72	$77.43
Forecasted Upside	39.18% Upside	81.89% Upside	21.03% Upside	10.67% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

Watch this before it gets removed (Ad)

If you missed it, my emergency election broadcast is now available - but will be removed on Monday at midnight.

Click here to watch it now.

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	2.89	2.66	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	38.79% Upside	1,680.82% Upside	7.79% Upside
News Sentiment Rating	Positive 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
10/1/2024	Cantor Fitzgerald 3 of 5 stars		Reiterated Rating	Overweight ➝ Overweight	$150.00 ➝ $150.00	+44.63%
9/27/2024	Robert W. Baird 2 of 5 stars		Lower Target	Outperform ➝ Outperform	$172.00 ➝ $150.00	+36.51%
9/26/2024	Rosenblatt Securities 3 of 5 stars		Boost Target	Buy ➝ Buy	$225.00 ➝ $250.00	+129.61%
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	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$110.00 ➝ $125.00	+15.38%
9/26/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$100.00 ➝ $114.00	+2.93%
Get the Latest News and Ratings for MU and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Micron Technology and its competitors with MarketBeat's FREE daily newsletter.
9/26/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$140.00 ➝ $140.00	+24.77%
9/26/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Positive ➝ Positive	$175.00 ➝ $165.00	+72.29%
9/26/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$115.00 ➝ $135.00	+40.96%
9/26/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$140.00 ➝ $140.00	+46.18%
9/19/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$165.00 ➝ $135.00	+50.84%
9/18/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$190.00 ➝ $175.00	+97.23%
9/17/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$175.00 ➝ $150.00	+68.27%
9/17/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$153.00 ➝ $135.00	+51.45%
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%
8/6/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$165.00 ➝ $145.00	+63.40%
6/27/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$138.00 ➝ $158.00	+16.70%
6/27/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$130.00 ➝ $180.00	+32.95%
6/27/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$130.00 ➝ $150.00	+5.37%
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%
5/31/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$150.00 ➝ $155.00	+22.73%
5/13/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$120.00 ➝ $145.00	+18.11%
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%
12/22/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$70.00 ➝ $66.00	+35.16%
10/13/2022	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$70.00	+27.53%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 12:36 AM 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 Monday, September 30, 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 strong quarterly earnings, beating consensus estimates by $0.14 EPS, indicating financial strength and potential growth.
The company's revenue for the quarter was up 81.5% year-over-year, showing significant revenue growth and positive business performance.
Institutional investors, such as Vanguard Group Inc. and Capital International Investors, have been increasing their positions in Micron Technology, Inc., reflecting confidence in the company's future prospects.
Micron Technology, Inc. has a low debt-to-equity ratio of 0.29, indicating a healthy financial structure and lower financial risk.
The company's stock price has a 50-day simple moving average of $97.63, potentially indicating a good entry point for investors based on recent price trends.

Micron Technology
Bear Case

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

Micron Technology, Inc. has a negative return on equity of 4.01% and a negative net margin of 7.20%, indicating operational challenges and lower profitability.
The company's payout ratio is -32.39%, which suggests that the dividend payments may not be sustainable in the long term based on current earnings.
Despite recent positive earnings, Micron Technology, Inc. has a price-to-earnings ratio of -73.20, which may raise concerns about the stock's valuation.
The company operates in a highly competitive industry with rapid technological advancements, leading to potential market volatility and competitive pressures.
While some institutional investors have increased their holdings, others have sold off positions, indicating mixed sentiments among investors regarding the company's future performance.

MU Forecast - Frequently Asked Questions

: According to the research reports of 27 Wall Street equities research analysts, the average twelve-month stock price forecast for Micron Technology is $143.23, with a high forecast of $250.00 and a low forecast of $67.00.
: 27 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last year. There is currently 1 sell rating, 1 hold rating and 25 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 39.18% 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, BNP Paribas, Cantor Fitzgerald, Citigroup, KeyCorp, Morgan Stanley, Needham & Company LLC, Raymond James, Robert W. Baird, Rosenblatt Securities, Stifel Nicolaus, Susquehanna, TD Cowen, 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 2.89 while the average consensus rating score for "computer and technology" companies is 2.66. Learn more on how MU compares to other companies.