Micron Technology (NASDAQ:MU) Stock Price Expected to Rise, TD Cowen Analyst Says

Micron Technology (NASDAQ:MU) had its price target increased by equities researchers at TD Cowen from $450.00 to $500.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor manufacturer’s stock. TD Cowen’s price objective indicates a potential upside of 10.73% from the stock’s current price.

Other analysts have also issued research reports about the company. Cantor Fitzgerald raised their price target on Micron Technology from $350.00 to $450.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Wedbush lifted their price objective on Micron Technology from $320.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday. William Blair began coverage on Micron Technology in a research report on Thursday, January 22nd. They set an “outperform” rating on the stock. Wall Street Zen raised Micron Technology from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 23rd. Finally, UBS Group upped their price target on Micron Technology to $475.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Six investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $394.59.

Micron Technology Trading Up 6.0%

Shares of NASDAQ MU traded up $25.43 during midday trading on Monday, reaching $451.56. The company had a trading volume of 10,141,680 shares, compared to its average volume of 35,296,004. The stock has a market cap of $508.24 billion, a PE ratio of 42.92 and a beta of 1.50. Micron Technology has a one year low of $61.54 and a one year high of $455.50. The company has a quick ratio of 1.78, a current ratio of 2.46 and a debt-to-equity ratio of 0.19. The firm’s fifty day moving average price is $391.35 and its 200-day moving average price is $273.84.

Micron Technology (NASDAQ:MU) last issued its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $1.01. The firm had revenue of $13.64 billion for the quarter, compared to analysts’ expectations of $12.62 billion. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The business’s revenue was up 56.7% on a year-over-year basis. During the same quarter last year, the business earned $1.79 earnings per share. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. On average, equities research analysts anticipate that Micron Technology will post 6.08 earnings per share for the current year.

Insider Activity at Micron Technology

In other Micron Technology news, Director Teyin M. Liu acquired 7,820 shares of the stock in a transaction on Wednesday, January 14th. The stock was acquired at an average price of $337.50 per share, for a total transaction of $2,639,250.00. Following the completion of the transaction, the director directly owned 25,910 shares of the company’s stock, valued at $8,744,625. This trade represents a 43.23% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Manish H. Bhatia sold 26,623 shares of the stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $391.04, for a total transaction of $10,410,657.92. Following the completion of the transaction, the executive vice president directly owned 323,486 shares of the company’s stock, valued at approximately $126,495,965.44. The trade was a 7.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have bought 23,200 shares of company stock valued at $7,821,723 and have sold 73,623 shares valued at $27,307,408. Company insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. REAP Financial Group LLC purchased a new stake in Micron Technology in the 3rd quarter valued at about $25,000. High Note Wealth LLC raised its position in Micron Technology by 65.4% during the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 34 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Micron Technology in the 3rd quarter worth $27,000. Elevation Wealth Partners LLC grew its position in shares of Micron Technology by 295.8% during the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 71 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. grew its position in shares of Micron Technology by 4,800.0% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock worth $28,000 after buying an additional 96 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.

More Micron Technology News

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

• Positive Sentiment: Micron completed acquisition of Powerchip’s Tongluo P5 site in Taiwan and says it will build a second facility there — this materially expands cleanroom capacity for DRAM/HBM needed for AI data centers and underpins long‑term revenue growth expectations. Read More.
• Positive Sentiment: Analysts and market stories cite surging AI-driven HBM demand ahead of Micron’s earnings, which is supporting optimistic revenue and margin upside expectations for the upcoming Q2 report. Read More.
• Positive Sentiment: RBC raised its price target from $425 to $525 and kept an Outperform rating — a significant signal that buy‑side expectations and street sentiment have shifted upward. Read More.
• Positive Sentiment: Multiple broker notes and price‑target raises (Wedbush, UBS, Stifel, TD Cowen, Susquehanna and others) reinforce a consensus bullish narrative around a structurally tight DRAM market and Micron’s leadership in HBM. Read More.
• Neutral Sentiment: Micron reports Q2 FY26 earnings this week (March 18); implied post‑earnings volatility is high — positive beats could push the stock higher, but disappointment would likely trigger a pullback. Read More.
• Neutral Sentiment: Micron’s Tongluo site expansion is strategically positive but long‑dated: Micron expects meaningful shipments from the acquired fab beginning in fiscal 2028, with construction of the second facility slated to start by end of fiscal 2026 — capacity gains are real but not immediate. Read More.
• Negative Sentiment: Heavy insider selling and notable institutional portfolio rebalancing were flagged in recent data (large insider sales and mixed hedge‑fund moves), which could concern some investors despite strong operational news. Read More.
• Negative Sentiment: Macro and geopolitical risks (Fed decision, rising oil/prices from Middle East tensions) create market volatility that could cap gains or trigger broad tech selling despite favorable company fundamentals. Read More.

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.