DA Davidson Reiterates Buy Rating on Micron Technology
DA Davidson reaffirmed its buy rating on Micron Technology with a $2,000 price target, a 76.63% upside from the current price.
Key Points
- On June 25, DA Davidson reiterated its buy rating on Micron Technology (MU) with a price target of $2,000.
- DA Davidson's $2,000 price target implies 76.63% upside from Micron Technology, Inc.'s ($MU) current $1,132.33 share price.
- Shares of Micron Technology traded near $1,048.51 on Thursday, with a market cap of $1.37 trillion and a P/E ratio of 57.1.
- Analysts from Wells Fargo, RBC Capital, and others also maintained buy ratings with targets ranging from $1,500 to $2,000.
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DA Davidson reiterated its buy rating on Micron Technology, Inc. (NasdaqGS: MU) on June 25, 2026. The firm set a price target of $2,000, showing continued confidence in the semiconductor giant.
DA Davidson vs. the S&P 500
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Micron Technology, Inc. Stock Up 21.4%
Shares of NasdaqGS:MU traded near $1,048.51 on Thursday. Micron Technology boasts a market cap of about $1.37 trillion and a P/E ratio of 57.1, with a forward P/E of 10.0. The stock has seen a 52-week low of $103.38 and a high of $1,213.56, with a 50-day moving average of $732.80 and a 200-day moving average of $400.75. The company's beta is 2.173, indicating higher volatility compared to the market.
$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 growth rate of 1.96%. The company's net margin stood at 41.5%, and it achieved a return on equity of 39.8%. Earnings per share were $21.21. The next earnings announcement is scheduled for June 24, 2026.
Dividend
Micron Technology pays an annual dividend of $0.60, yielding 0.05% with a payout ratio of 2.17%.
Insider Buying and Selling at Micron Technology, Inc.
Several insider transactions occurred recently. Alexis Bjorlin bought 63 shares on June 9, 2026. President and CEO Sanjay Mehrotra sold 40,000 shares on May 29 and May 1, 2026, at average prices of $961.35 and $536.26, respectively, under planned transactions. Additionally, Michael Charles Ray, the SVP and Chief Legal Officer, sold 7,601 shares on May 1, 2026.
Analysts Set New Price Targets
On June 25, 2026, DA Davidson maintained its buy rating with a $2,000 price target. Analysts from Wells Fargo and RBC Capital also maintained buy ratings, with targets of $1,525 and $1,500, respectively. 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, is a leading provider of memory and storage solutions. The company designs and manufactures products for data centers, PCs, mobile devices, and automotive applications, among others. Founded in 1978, Micron operates globally with a workforce of 53,000 employees under the leadership of CEO Sanjay Mehrotra.
Bottom Line
DA Davidson's reiterated buy rating and $2,000 price target reflect confidence in Micron Technology's market position and future potential. With a strong analyst consensus and a robust market cap, Micron remains a key player in the semiconductor industry. Investors should note that analyst ratings are based on past performance and expectations, not current market conditions.
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