Piper Sandler Forecasts Strong Price Appreciation for Micron Technology (NASDAQ:MU) Stock

Micron Technology (NASDAQ:MU) had its target price lifted by analysts at Piper Sandler from $275.00 to $400.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the semiconductor manufacturer’s stock. Piper Sandler’s price target would indicate a potential upside of 17.36% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on the stock. KGI Securities raised shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft upped their target price on Micron Technology from $200.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. The Goldman Sachs Group boosted their price objective on Micron Technology from $205.00 to $235.00 and gave the stock a “neutral” rating in a research note on Thursday, December 18th. JPMorgan Chase & Co. increased their target price on shares of Micron Technology from $220.00 to $350.00 and gave the company an “overweight” rating in a research note on Thursday, December 18th. Finally, Summit Insights upgraded shares of Micron Technology to a “strong-buy” rating in a report on Tuesday, September 23rd. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $288.55.

Micron Technology Stock Performance

Shares of NASDAQ:MU traded down $2.60 during trading hours on Wednesday, hitting $340.83. The stock had a trading volume of 16,746,503 shares, compared to its average volume of 35,482,926. The stock’s fifty day simple moving average is $250.15 and its 200 day simple moving average is $180.57. The firm has a market capitalization of $383.60 billion, a price-to-earnings ratio of 32.41, a PEG ratio of 0.20 and a beta of 1.50. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.78 and a current ratio of 2.46. Micron Technology has a 1-year low of $61.54 and a 1-year high of $346.30.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.77 by $1.01. The business had revenue of $13.64 billion during the quarter, compared to analyst estimates of $12.62 billion. Micron Technology had a return on equity of 22.71% and a net margin of 28.15%.The business’s revenue for the quarter was up 56.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.79 EPS. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. Sell-side analysts anticipate that Micron Technology will post 6.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Mark J. Murphy sold 126,000 shares of the business’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $225.31, for a total value of $28,389,060.00. Following the sale, the chief financial officer owned 219,693 shares in the company, valued at approximately $49,499,029.83. The trade was a 36.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Scott J. Deboer sold 82,000 shares of the company’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $222.81, for a total value of $18,270,420.00. Following the transaction, the executive vice president directly owned 154,145 shares in the company, valued at approximately $34,345,047.45. This represents a 34.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 316,800 shares of company stock worth $71,658,387 in the last 90 days. 0.24% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Micron Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Orleans Capital Management Corp LA bought a new stake in Micron Technology in the 2nd quarter valued at approximately $256,000. Cary Street Partners Financial LLC raised its holdings in shares of Micron Technology by 25.0% in the second quarter. Cary Street Partners Financial LLC now owns 26,132 shares of the semiconductor manufacturer’s stock valued at $3,221,000 after purchasing an additional 5,233 shares during the last quarter. Wealthspire Advisors LLC raised its holdings in shares of Micron Technology by 27.8% in the second quarter. Wealthspire Advisors LLC now owns 14,754 shares of the semiconductor manufacturer’s stock valued at $1,818,000 after purchasing an additional 3,208 shares during the last quarter. KLP Kapitalforvaltning AS lifted its position in shares of Micron Technology by 6.2% in the second quarter. KLP Kapitalforvaltning AS now owns 403,105 shares of the semiconductor manufacturer’s stock worth $49,683,000 after purchasing an additional 23,600 shares in the last quarter. Finally, WealthBridge Capital Management LLC acquired a new position in Micron Technology during the second quarter worth $210,000. Institutional investors own 80.84% of the company’s stock.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Company beat expectations and issued blowout Q2 FY26 guidance (management signaled ~132% YoY revenue growth, ~68% gross margin and ~$8.4 EPS) and said it has locked in full‑year HBM supply agreements — supporting pricing power and visibility. Micron: Lot Of Upside In The Tank
• Positive Sentiment: Analyst and bull case: Micron is now viewed as a strategic AI memory supplier (HBM/DRAM), is supply‑constrained with strong pricing, and is raising capex to expand capacity — a structural setup that supports multi‑year revenue and margin upside. Micron: No Longer A Commodity, But A Strategic AI Enabler
• Positive Sentiment: Analysts are lifting targets and reiterating buys after accelerating DRAM/HBM prices; several outlets report price‑target upgrades (example coverage raising targets toward ~$330). That analyst momentum is supporting investor demand. Micron (MU) Stock: Price Target Raised to $330
• Positive Sentiment: Micron announced a major capex increase for AI (reported ~$20B for 2026) and continues capacity buildouts — moves that signal management is backing sustained AI/HBM demand even if near‑term cycles fluctuate. Micron capex hike coverage
• Positive Sentiment: Corporate expansion: Micron will break ground on a large New York megafab next week — a visible, long‑term capacity investment that underpins the supply response to AI demand. Micron Announces Groundbreaking for Historic New York Megafab
• Neutral Sentiment: Momentum & analyst commentary pieces (Zacks, MarketBeat, Yahoo video panels) highlight MU as a growth/momentum play — useful framing for investors but largely reiterative of the AI/HBM thesis rather than new catalysts. Here’s Why Micron (MU) is a Strong Momentum Stock
• Negative Sentiment: Technical/valuation risk: Several market commentators warn MU is overbought in short and multiple time frames after a huge 2025 run — raising the odds of a near‑term pullback despite strong fundamentals. Stock Of The Day: Will Micron Technology Reverse?
• Negative Sentiment: Market‑front‑running risk: some analysts and pieces note the stock has already priced much of the upside; rapid multiple expansion increases sensitivity to any demand/capacity surprises or a broader tech pullback. Assessing Micron Technology (MU) Valuation

Micron Technology Company Profile

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.