Cantor Fitzgerald Reiterates Buy Rating on Micron Technology, Inc.
Cantor Fitzgerald maintains a buy rating for Micron Technology with a $2,000 price target, a 73.27% upside from the current price.
Key Points
- Cantor Fitzgerald reiterated its buy rating for Micron Technology, Inc. (MU) on June 29, 2026, with a target price of $2,000.
- Cantor Fitzgerald's $2,000 price target implies 73.27% upside from Micron Technology, Inc.'s ($MU) current $1,154.29 share price.
- Shares of NasdaqGS:MU traded near $1,132.33 on Monday, with a market cap of about $1.28 trillion and a P/E ratio of 25.58.
- Insiders and institutions show varied activity, with insider sales and institutional adjustments in holdings reported.
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Cantor Fitzgerald has reiterated its buy rating for Micron Technology, Inc. (NASDAQ: MU), setting a price target of $2,000. This reaffirmation came on June 29, 2026, as the firm continues to see strong potential in the semiconductor giant.
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Other Institutional Activity in Micron Technology
Several institutional investors have recently adjusted their positions in Micron. BlackRock, Inc. increased its holdings by 2,446,043 shares, reaching a total of 103,147,586 shares valued at approximately $34.85 billion, marking a 2.4% increase. 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, resulting in 52,239,483 shares valued at $17.66 billion, a 1.0% decrease. Capital World Investors significantly cut its holdings by 16,194,733 shares, ending with 42,054,392 shares worth $14.21 billion, a 27.8% decrease. FMR LLC also trimmed its position by 7,541,773 shares, leaving it with 32,054,565 shares valued at $10.83 billion, a 19.0% decrease.
Micron Technology, Inc. Stock Up 23.7%
Shares of NasdaqGS:MU traded near $1,132.33 on Monday. Micron Technology has a market cap of approximately $1.28 trillion, with a P/E ratio of 25.58 and a forward P/E of 7.61. The stock's 52-week range spans from $103.38 to $1,255.00, with a 50-day moving average of $802.14 and a 200-day moving average of $425.84. The company's beta is 2.173, indicating higher volatility compared to the market. It has a current ratio of 3.425 and a quick ratio of 2.927, showing strong liquidity, though it carries a debt-to-equity ratio of 6.33.
$MU price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Micron Technology reported revenue of $90.27 billion with a growth rate of 3.46%. The company's net margin stands at 55.91%, and its return on equity is 66.64%. Earnings per share reached $44.27. The next earnings announcement is scheduled for September 23, 2026.
Dividend
Micron Technology offers an annual dividend rate of $0.53 per share, yielding 0.05%. Its dividend payout ratio is a conservative 1.12%.
Insider Buying and Selling at Micron Technology, Inc.
Recent insider activity at Micron Technology shows a mix of planned and unplanned transactions. On June 9, 2026, Alexis Bjorlin acquired 63 shares. President and CEO Sanjay Mehrotra executed planned sales of 40,000 shares at prices of $961.35 on May 29, 2026, and $536.26 on May 1, 2026. Michael Charles Ray, Chief Legal Officer, sold 7,601 shares at $534.30 on May 1, 2026, under a planned arrangement. Additionally, Chief Accounting Officer Scott Allen sold 912 shares at $465.66 on April 15, 2026.
Analysts Set New Price Targets
On June 29, 2026, Cantor Fitzgerald maintained its buy rating for Micron Technology with a $2,000 price target. Barclays, Citigroup, and Morgan Stanley also maintained buy ratings, with targets of $2,000, $1,400, and $1,200, respectively, on June 25, 2026. Goldman Sachs kept a hold rating with a $1,100 target, while Raymond James and Deutsche Bank maintained buy ratings with targets of $1,500 and $1,550, respectively. The consensus among analysts is a strong buy, with a mean target price of $1,410.45 across 40 opinions.
About Micron Technology, Inc.
Micron Technology, Inc., based in Boise, Idaho, is a global leader in the semiconductor industry. It designs and manufactures memory and storage products, serving markets such as data centers, mobile devices, and automotive. Founded in 1978, the company operates through various business units, including cloud memory and automotive embedded systems. Micron's products are marketed under the Micron and Crucial brands, with Mr. Sanjay Mehrotra as the CEO. The company employs around 53,000 people worldwide.
Bottom Line
Cantor Fitzgerald's reaffirmation of its buy rating for Micron Technology highlights ongoing confidence in the company's growth prospects. With a robust market presence and a wide range of products, Micron remains a key player in the technology sector. As these analyst ratings are backward-looking, they reflect the sentiment as of the report date and may not represent current views.
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