B of A Securities Reiterates Buy Rating on Micron Technology
B of A Securities has reiterated its buy rating for Micron Technology, setting a price target of $1,550, a 36.89% upside from the current price.
Key Points
- B of A Securities reiterated its buy rating on Micron Technology with a $1,550 price target on June 25, 2026.
- B of A Securities's $1,550 price target implies 36.89% upside from Micron Technology, Inc.'s ($MU) current $1,132.33 share price.
- Micron Technology shares traded around $1,048.51 on Thursday, with a market cap of $1.37 trillion and a forward P/E of 10.03.
- BlackRock and Geode Capital increased their stakes in Micron, while Capital World Investors and FMR LLC reduced their holdings.
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B of A Securities has reiterated its buy rating on Micron Technology, Inc. (NasdaqGS: MU), setting a new price target of $1,550. This announcement was made on June 25, 2026, as shares of Micron traded near $1,048.51 on Thursday.
B of A Securities vs. the S&P 500
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Other Institutional Activity in Micron Technology
BlackRock, Inc. increased its holdings in Micron by 2,446,043 shares, bringing its total to 103,147,586 shares valued at approximately $34.85 billion. Vanguard Capital Management LLC opened a new position with 73,137,283 shares worth about $24.71 billion. State Street Corp reduced its stake by 510,334 shares, now holding 52,239,483 shares valued at $17.66 billion. Capital World Investors cut its position by 16,194,733 shares, leaving it with 42,054,392 shares worth around $14.21 billion. Meanwhile, FMR LLC decreased its holdings by 7,541,773 shares, resulting in a total of 32,054,565 shares valued at $10.83 billion.
Micron Technology, Inc. Stock Up 21.4%
Shares of Micron Technology traded near $1,048.51 on Thursday. The company boasts a market capitalization of about $1.37 trillion, with a P/E ratio of 57.11 and a forward P/E of 10.03. Micron's stock has experienced a 52-week low of $103.38 and a high of $1,213.56. The 50-day moving average stands at $732.80, while the 200-day moving average is $400.75. The company maintains a current ratio of 2.90, a quick ratio of 2.23, and a debt-to-equity ratio of 14.90.
$MU price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Micron Technology reported revenue of $58.12 billion, with a revenue growth rate of 1.96%. The company's net margin is 41.49%, and it has a return on equity of 39.82%. The next earnings report is scheduled for June 24, 2026.
Dividend
Micron Technology offers an annual dividend rate of $0.60, yielding 0.05%. The dividend payout ratio is 2.17%.
Insider Buying and Selling at Micron Technology, Inc.
Recent insider transactions include Alexis Bjorlin buying 63 shares on June 9, 2026. President and CEO Sanjay Mehrotra sold 40,000 shares at $961.35 on May 29, 2026, and another 40,000 shares at $536.26 on May 1, 2026, both under planned sales. Michael Charles Ray, Senior Vice President and Chief Legal Officer, sold 7,601 shares at $534.30 on May 1, 2026, also under a planned sale.
Analysts Set New Price Targets
On June 25, 2026, B of A Securities maintained its buy rating on Micron with a $1,550 price target. Needham also maintained a buy rating, setting a target of $1,650. The consensus among 40 analysts is a strong buy, with a mean target price of $945.60.
About Micron Technology
Micron Technology, Inc., headquartered in Boise, Idaho, designs and manufactures memory and storage products. The company operates through various segments, including cloud memory, data center, mobile, and automotive units. Micron's products serve markets such as data centers, PCs, mobile devices, and automotive industries. Led by CEO Sanjay Mehrotra, Micron employs around 53,000 people worldwide.
Bottom Line
B of A Securities' reiterated buy rating reflects confidence in Micron Technology's growth potential, supported by a strong market position in the semiconductor industry. Investors keenly follow such analyst updates for insights into potential stock performance. However, it's important to remember that analyst ratings are based on current information and can change as new data becomes available.
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