Barclays Reiterates Buy Rating on Micron Technology, Inc.
Barclays maintains its buy rating on Micron Technology with a $2,000 price target, a 74.63% upside from the current price.
Key Points
- Barclays reiterated its buy rating on Micron Technology, Inc. (MU) with a price target of $2,000 on June 25, 2026.
- Barclays's $2,000 price target implies 74.63% upside from Micron Technology, Inc.'s ($MU) current $1,145.28 share price.
- Shares of Micron Technology traded at $1,048.51 on Friday with a market cap of approximately $1.37 trillion.
- Other analysts, including Citigroup and Goldman Sachs, maintained their ratings with targets ranging from $1,100 to $1,550.
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Barclays has reiterated its buy rating on Micron Technology, Inc. (NasdaqGS: MU) with a price target of $2,000. This reaffirmation came on June 25, 2026, from analyst Tom O'Malley. Shares of Micron traded at $1,048.51 on Friday.
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Other Institutional Activity in Micron Technology
BlackRock, Inc. increased its stake in Micron by 2.4%, adding 2,446,043 shares and bringing its total to 103,147,586 shares worth about $34.85 billion. Vanguard Capital Management LLC opened a new position with 73,137,283 shares valued at approximately $24.71 billion. State Street Corp reduced its holdings by 510,334 shares, now holding 52,239,483 shares valued at $17.66 billion. Capital World Investors cut its position by 27.8%, unloading 16,194,733 shares to hold 42,054,392 shares worth $14.21 billion. FMR LLC also reduced its stake by 19%, selling 7,541,773 shares to retain 32,054,565 shares worth about $10.83 billion.
Micron Technology, Inc. Stock Up 22.8%
On Friday, Micron Technology's stock traded near $1,048.51. The company boasts a market capitalization of approximately $1.37 trillion, with a P/E ratio of 57.1 and a forward P/E of 10.0. Its beta is 2.173, indicating higher volatility compared to the broader market. The stock's 52-week range spans from $103.38 to $1,213.56, with a 50-day moving average of $732.80 and a 200-day moving average of $400.75. Micron has a current ratio of 2.897 and a quick ratio of 2.232, along with a debt-to-equity ratio of 14.902.
$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, showing a growth of 1.96%. The company's net margin stood at 41.49%, with a return on equity of 39.82%. Earnings per share were $21.21. The next earnings announcement is expected on June 24, 2026.
Dividend
Micron Technology offers an annual dividend rate of $0.60, yielding 0.05%, with a payout ratio of 2.17%. The ex-dividend date was not specified.
Insider Buying and Selling at Micron Technology, Inc.
On June 9, 2026, Alexis Bjorlin bought 63 shares. Meanwhile, CEO Sanjay Mehrotra sold 40,000 shares on both May 29 and May 1, 2026, at average prices of $961.35 and $536.26, respectively, under planned transactions. Steven Gomo sold 2,000 shares at $787.04 on May 11, 2026, and Michael Charles Ray, the Chief Legal Officer, sold 7,601 shares at $534.30 on May 1, 2026, under a planned transaction. Scott Allen, Chief Accounting Officer, sold 912 shares at $465.66 on April 15, 2026.
Analysts Set New Price Targets
On June 25, 2026, Barclays maintained its buy rating for Micron Technology with a price target of $2,000. Citigroup also maintained a buy rating, setting a target of $1,400. Goldman Sachs kept a hold rating with a target of $1,100. Morgan Stanley, Raymond James, Wedbush, Deutsche Bank, and Mizuho all maintained buy ratings with targets ranging from $1,200 to $1,550. The consensus among 40 analysts is a strong buy, with a mean price target of $945.60.
About Micron Technology, Inc.
Micron Technology, Inc., headquartered in Boise, Idaho, is a leading provider of memory and storage solutions. The company designs and manufactures semiconductor products, including DRAM and NAND flash memory, serving markets like data centers, PCs, and mobile devices. Led by CEO Sanjay Mehrotra, Micron employs around 53,000 people globally.
Bottom Line
Barclays' reiteration of a buy rating for Micron Technology highlights confidence in the company's future performance, with a substantial price target of $2,000. Investors often watch analyst ratings closely, as they can influence market perception and stock movement. However, it's important to note that these ratings are based on projections and may not reflect current market conditions.
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