Micron Technology (NASDAQ:MU) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Micron Technology (NASDAQ:MU) had its price target hoisted by Wells Fargo & Company from $335.00 to $410.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the semiconductor manufacturer’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 19.27% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. Royal Bank Of Canada initiated coverage on Micron Technology in a research report on Thursday. They issued an “outperform” rating and a $425.00 price objective for the company. Stifel Nicolaus upped their target price on shares of Micron Technology from $195.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Cowen reiterated a “buy” rating on shares of Micron Technology in a research note on Thursday, December 11th. Raymond James Financial increased their price target on Micron Technology from $190.00 to $310.00 and gave the stock an “outperform” rating in a research report on Thursday, December 18th. Finally, Morgan Stanley lifted their price objective on Micron Technology from $338.00 to $350.00 and gave the company an “overweight” rating in a research report on Thursday, December 18th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $318.72.

Micron Technology Stock Up 3.1%

Shares of NASDAQ:MU traded up $10.40 during midday trading on Thursday, hitting $343.75. 6,696,494 shares of the stock were exchanged, compared to its average volume of 29,623,785. The company has a market capitalization of $386.90 billion, a PE ratio of 32.71, a P/E/G ratio of 0.21 and a beta of 1.50. Micron Technology has a 52-week low of $61.54 and a 52-week high of $351.23. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.78 and a current ratio of 2.46. The business’s fifty day simple moving average is $263.43 and its two-hundred day simple moving average is $189.11.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 28.15% and a return on equity of 22.71%. Micron Technology’s quarterly revenue was up 56.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.79 EPS. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. As a group, research analysts predict that Micron Technology will post 6.08 earnings per share for the current fiscal year.

Insider Transactions at Micron Technology

In other news, Director Steven J. Gomo sold 5,000 shares of the business’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $263.63, for a total value of $1,318,150.00. Following the sale, the director directly owned 19,139 shares in the company, valued at $5,045,614.57. The trade was a 20.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Scott R. Allen sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $337.50, for a total value of $675,000.00. Following the completion of the sale, the chief accounting officer owned 38,237 shares in the company, valued at $12,904,987.50. The trade was a 4.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 318,800 shares of company stock worth $72,333,387. 0.24% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Norges Bank bought a new stake in shares of Micron Technology during the 2nd quarter valued at approximately $1,980,700,000. AQR Capital Management LLC increased its holdings in shares of Micron Technology by 411.9% during the third quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer’s stock worth $606,873,000 after buying an additional 2,918,535 shares in the last quarter. Slate Path Capital LP acquired a new position in Micron Technology in the 2nd quarter worth about $317,751,000. Vanguard Group Inc. boosted its position in Micron Technology by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 103,879,662 shares of the semiconductor manufacturer’s stock worth $12,803,168,000 after buying an additional 1,973,294 shares during the period. Finally, State Street Corp grew its holdings in Micron Technology by 2.7% during the 2nd quarter. State Street Corp now owns 51,373,591 shares of the semiconductor manufacturer’s stock worth $6,331,795,000 after acquiring an additional 1,349,713 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Analyst upgrades and materially higher price targets — several firms have raised ratings/targets (examples: Cantor Fitzgerald raised its target to $450; KeyCorp to $450; RBC initiated with Outperform and $425), giving the stock sizable upside from current levels and supporting further momentum. Micron (MU) Stock: Wall Street Raises Price Target 29% on Margin Outlook
• Positive Sentiment: HBM demand and capacity ramp—MarketBeat and other outlets report Micron’s HBM product is sold out for 2026, with packaging and fabs (Singapore, Boise, Clay NY, Japan) ramping; tight HBM supply and pricing support revenue and margin upside into 2026–2027. Micron: Accelerating HBM Ramp Extends Growth Into 2027
• Positive Sentiment: Inclusion on growth and “strong buy” lists — Zacks and other outlets have added MU to top growth stock / Zacks Rank #1 lists, reinforcing buy-side interest from momentum and growth investors. 5 Growth Stocks to Buy in January for a Stronger Portfolio
• Neutral Sentiment: Comparative analyst pieces discuss MU vs other AI names (e.g., Palantir) — useful framing for asset allocation but not an immediate catalyst. Micron vs. Palantir: Which AI Stock Is the Better Buy for 2026?
• Negative Sentiment: Competitor capacity build — SK Hynix’s planned ~$13B memory plant could increase future HBM supply and price pressure, posing a longer‑term margin risk for Micron. SK Hynix Plans $13 Billion Memory-Chip Plant. What It Means for Micron Stock.
• Negative Sentiment: Analyst caution / profit-taking notes — some pieces flag downside risks (cyclical valuation, possible oversupply, peak margins) and note traders taking profits after rapid rerating, which could produce short-term volatility. Micron: Three Significant Risks That Could Be Crucial In The Long Term Micron Technology: Why I’m Taking Profits After A Rapid Rerating (Rating Downgrade)

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.