Micron Technology (NASDAQ:MU) Price Target Raised to $385.00 at Citigroup

Micron Technology (NASDAQ:MU) had its target price increased by equities researchers at Citigroup from $330.00 to $385.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor manufacturer’s stock. Citigroup’s price objective points to a potential upside of 13.78% from the stock’s previous close.

MU has been the topic of a number of other research reports. Wall Street Zen raised Micron Technology from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 23rd. BNP Paribas upgraded Micron Technology from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, October 13th. KGI Securities raised shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 24th. Stifel Nicolaus raised their price target on shares of Micron Technology from $195.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Finally, Piper Sandler boosted their price objective on shares of Micron Technology from $275.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, January 7th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Micron Technology currently has an average rating of “Buy” and an average target price of $320.62.

Micron Technology Stock Up 1.5%

Shares of MU traded up $5.02 during trading on Thursday, reaching $338.37. The company’s stock had a trading volume of 20,669,027 shares, compared to its average volume of 31,335,732. The company has a fifty day moving average of $263.43 and a two-hundred day moving average of $189.11. Micron Technology has a twelve month low of $61.54 and a twelve month high of $351.23. The company has a market cap of $380.84 billion, a price-to-earnings ratio of 32.12, a P/E/G ratio of 0.21 and a beta of 1.50. The company has a quick ratio of 1.78, a current ratio of 2.46 and a debt-to-equity ratio of 0.19.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share 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 the consensus estimate of $12.62 billion. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The business’s quarterly revenue was up 56.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.79 earnings per share. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. On average, sell-side analysts predict that Micron Technology will post 6.08 EPS for the current fiscal year.

Insider Activity at Micron Technology

In other news, Director Steven J. Gomo sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $263.63, for a total transaction of $1,318,150.00. Following the completion of the transaction, the director directly owned 19,139 shares in the company, valued at approximately $5,045,614.57. The trade was a 20.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sanjay Mehrotra sold 3,743 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $233.39, for a total value of $873,578.77. Following the completion of the sale, the chief executive officer owned 396,578 shares in the company, valued at approximately $92,557,339.42. This represents a 0.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 318,800 shares of company stock valued at $72,333,387. Company insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Micron Technology

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Elevation Wealth Partners LLC lifted its stake in shares of Micron Technology by 295.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 71 shares during the period. Noble Wealth Management PBC acquired a new position in shares of Micron Technology during the fourth quarter valued at approximately $40,000. REAP Financial Group LLC acquired a new stake in Micron Technology in the third quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in Micron Technology during the 3rd quarter valued at $27,000. Finally, Cullen Frost Bankers Inc. increased its position in shares of Micron Technology by 79.3% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 199 shares of the semiconductor manufacturer’s stock valued at $33,000 after purchasing an additional 88 shares during the period. 80.84% of the stock is currently owned by institutional investors.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Multiple analyst upgrades and large price‑target raises — Cantor Fitzgerald, Wells Fargo and Royal Bank of Canada have moved to overweight/outperform and lifted targets (Cantor to $450, Wells Fargo to $410, RBC to $425), increasing buy-side conviction and upside expectations. Nvidia, Micron Lead Top Semiconductor Picks Benzinga (price target notices)
• Positive Sentiment: HBM supply tightness and Micron’s accelerated ramp — MarketBeat and other coverage note Micron is selling out HBM capacity, raising prices and expanding packaging/fab capacity (Singapore, Boise, Clay NY) — supporting near‑term revenue, margins and multi‑year growth visibility. Micron: Accelerating HBM Ramp Extends Growth Into 2027
• Positive Sentiment: Inclusion on buy and growth lists — MU appears on Zacks and other curated “stocks to buy” and growth lists, reinforcing retail/institutional momentum and supporting flow into the shares. 5 Growth Stocks to Buy in January
• Positive Sentiment: Wall Street commentary on margins — Coverage highlighting stronger margin outlooks and re‑ratings (price target lifts tied to margin recovery) provides fundamental support for higher valuation. Micron (MU) Stock: Wall Street Raises Price Target 29% on Margin Outlook
• Neutral Sentiment: Sector debate continues over AI froth vs. fundamentals — analysts (and some sector pieces) acknowledge AI bubble talk but generally conclude demand/capacity dynamics for memory remain intact; this tempers but does not reverse the bullish case. Nvidia, Micron Lead Top Semiconductor Picks
• Negative Sentiment: Valuation and volatility risk — commentary and analysis warn MU has historically experienced sharp drawdowns (articles outlining scenarios that could trigger large drops), a reminder that momentum gains carry drawdown risk. What Can Cause A 30% Drop In Micron Stock?
• Negative Sentiment: Some investors are taking profits after the rapid rerating — contributors note position trimming and risk management that can create short-term selling pressure. Why I’m Taking Profits After Rapid Rerating

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.