Micron Technology (MU) Stock Forecast & Price Target

$97.95 -0.25 (-0.25%)

(As of 11/29/2024 05:27 PM ET)

Micron Technology - Analysts' Recommendations and Stock Price Forecast (2025)

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 28 Analyst Ratings

Sell
1

Hold
1

Buy
26

Based on 28 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 28 analysts, 1 has given a sell rating, 1 has given a hold rating, and 26 have given a buy rating for MU.

Consensus Price Target

$143.04
46.03% Upside

According to the 28 analysts' twelve-month price targets for Micron Technology, the average price target is $143.04. 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 46.03% from the current price of $97.95.

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MU Analyst Ratings Over Time

Type	Current Forecast 12/2/23 to 12/1/24	1 Month Ago 11/2/23 to 11/1/24	3 Months Ago 9/3/23 to 9/2/24	1 Year Ago 12/2/22 to 12/2/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	26 Buy rating(s)	26 Buy rating(s)	25 Buy rating(s)	19 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)	1 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$143.04	$143.04	$157.12	$79.33
Forecasted Upside	46.03% Upside	43.42% Upside	63.26% Upside	4.47% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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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	2.67	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	46.03% Upside	280.36% Upside	6.51% 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
10/28/2024	China Renaissance 0 of 5 stars		Initiated Coverage	Buy	$148.00	+37.05%
10/8/2024	KeyCorp 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$145.00 ➝ $135.00	+31.18%
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 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$172.00 ➝ $150.00	+36.51%
9/26/2024	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		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%
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	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%
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%
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%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 05:03 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 Sunday, November 24, 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 a significant revenue increase of 93.3% year-over-year, reaching $7.75 billion, indicating strong demand for its memory and storage products.
The company recently beat earnings expectations, posting $1.18 earnings per share, surpassing the consensus estimate of $0.97, which reflects effective management and operational efficiency.
With a current stock price around $102.23, it is trading below its 200-day simple moving average of $112.35, suggesting potential for price appreciation as it may be undervalued.
Micron Technology, Inc. has a solid market capitalization of $113.78 billion, providing stability and the ability to invest in future growth opportunities.
The company has a relatively low debt-to-equity ratio of 0.29, indicating a conservative approach to leverage, which can be appealing to risk-averse investors.

Micron Technology
Bear Case

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

The price-to-earnings ratio stands at 149.77, which is significantly high, suggesting that the stock may be overvalued relative to its earnings, potentially leading to a price correction.
Micron Technology, Inc. has a net margin of only 3.10%, indicating that a relatively small portion of revenue translates into profit, which could raise concerns about profitability in competitive markets.
Analysts have mixed opinions, with one sell rating and only two hold ratings among twenty-six buy ratings, indicating some uncertainty in the stock's future performance.
The company’s dividend yield is relatively low at 0.45%, which may not attract income-focused investors looking for higher returns from dividends.
Recent insider selling, such as the sale of 4,890 shares by an executive vice president, could signal a lack of confidence in the stock's short-term performance.

MU Forecast - Frequently Asked Questions

: According to the research reports of 28 Wall Street equities research analysts, the average twelve-month stock price forecast for Micron Technology is $143.04, with a high forecast of $250.00 and a low forecast of $67.00.
: 28 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last twelve months. There is currently 1 sell rating, 1 hold rating and 26 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MU shares.
: According to analysts, Micron Technology's stock has a predicted upside of 46.03% 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, China Renaissance, 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 2.67. Learn more on how MU compares to other companies.

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This page (NASDAQ:MU) was last updated on 12/1/2024 by MarketBeat.com Staff

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Micron Technology (MU) Stock Forecast & Price Target