Citigroup Reiterates Buy Rating on Micron Technology
Citigroup reaffirmed its buy rating for Micron Technology with a $1,400 price target, a 22.24% upside from the current price.
Key Points
- Citigroup reiterated its buy rating for Micron Technology, setting a $1,400 price target as of June 25, 2026.
- Citigroup's $1,400 price target implies 22.24% upside from Micron Technology, Inc.'s ($MU) current $1,145.28 share price.
- Shares of Micron Technology traded near $1,048.51 on Friday with a market cap of approximately $1.37 trillion.
- Barclays, Goldman Sachs, and Morgan Stanley also maintained their ratings, highlighting continued interest in Micron.
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On June 25, 2026, Citigroup reiterated its buy rating on Micron Technology, Inc. (NasdaqGS: MU), setting a price target of $1,400. This comes as part of a broader analyst consensus maintaining positive outlooks on the semiconductor company.
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Analysts Set New Price Targets
On June 25, 2026, Citigroup reiterated its buy rating for Micron Technology with a target price of $1,400. Other analysts shared similar sentiments: Barclays maintained its buy rating with a higher target of $2,000, and Morgan Stanley set a target of $1,200, also with a buy rating. Meanwhile, Goldman Sachs held a neutral stance with a hold rating and a target of $1,100.
Micron Technology, Inc. Stock Up 22.8%
Shares of Micron Technology traded near $1,048.51 on Friday. The company boasts a market capitalization of approximately $1.37 trillion and has a P/E ratio of 57.11, with a forward P/E of 10.03. Micron's beta is 2.173, indicating higher volatility compared to the market. Over the past year, the stock has ranged from $103.38 to $1,213.56. The 50-day moving average is $732.80, while the 200-day moving average is $400.75. The company maintains a strong liquidity position with a current ratio of 2.897 and a quick ratio of 2.232.
$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 modest growth rate of 1.96%. The company's earnings per share (EPS) stood at $21.21, with a net margin of 41.5% and a return on equity (ROE) of 39.8%. The next earnings report is scheduled for June 24, 2026.
Dividend
Micron Technology offers an annual dividend rate of $0.60, translating to a yield of 0.05%. The dividend payout ratio is a conservative 2.17%, reflecting the company's strategy to reinvest earnings back into growth.
Insider Buying and Selling at Micron Technology, Inc.
Recent insider activity at Micron Technology includes several transactions. On June 9, 2026, Alexis Bjorlin acquired 63 shares. In contrast, CEO Sanjay Mehrotra executed planned sales, offloading 40,000 shares on both May 29, 2026, and May 1, 2026, at average prices of $961.35 and $536.26, respectively. Steven Gomo sold 2,000 shares on May 11, 2026, at an average price of $787.04.
About Micron Technology
Micron Technology, Inc. is a leading player in the semiconductor industry, headquartered in Boise, Idaho. The company designs, develops, and manufactures memory and storage products for a variety of markets, including data centers, PCs, and mobile devices. Under the leadership of CEO Sanjay Mehrotra, Micron employs around 53,000 people worldwide and operates in regions such as the United States, Taiwan, and Europe.
Bottom Line
Micron Technology continues to attract positive attention from analysts, with Citigroup reiterating its buy rating and setting a $1,400 target. The company's strong market presence and robust financials support its growth trajectory. Investors will keep a close eye on upcoming earnings and market developments to gauge future performance.
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