Deutsche Bank Reiterates Buy Rating on Micron Technology
Deutsche Bank remains bullish on Micron Technology, maintaining its buy rating with a $1,550 target, a 36.89% upside from the current price.
Key Points
- Deutsche Bank reiterated its buy rating on Micron Technology with a target price of $1,550 on June 25, 2026.
- Deutsche Bank's $1,550 price target implies 36.89% upside from Micron Technology, Inc.'s ($MU) current $1,132.33 share price.
- Micron Technology, trading at $1,048.51 on Thursday, has a market cap of $1.37 trillion and a P/E ratio of 57.1.
- Analysts like Raymond James and Wedbush also maintain buy ratings, with targets ranging from $1,375 to $2,000.
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On June 25, 2026, Deutsche Bank reiterated its buy rating on Micron Technology, Inc. (NasdaqGS: MU), setting a price target of $1,550. Analyst Melissa Weathers expressed continued confidence in Micron's growth potential.
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Analysts Set New Price Targets
Deutsche Bank's reaffirmation of its buy rating on Micron Technology came with a target price of $1,550. This aligns with other analysts who are also optimistic about Micron's prospects. On the same day, Raymond James maintained its buy rating with a $1,500 target, and Wedbush set its target at $1,400. Other firms like Mizuho and DA Davidson also kept their buy ratings, with targets of $1,375 and $2,000, respectively.
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 approximately $1.37 trillion and has a P/E ratio of 57.1. Micron's forward P/E is more attractive at 10.0, indicating potential growth. The stock's beta is 2.173, reflecting its volatility compared to the market. Over the past year, the stock has ranged from a low of $103.38 to a high of $1,213.56. The 50-day moving average is $732.80, while the 200-day moving average is $400.75. Additionally, Micron maintains a healthy current ratio of 2.897 and a quick ratio of 2.232, 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 $58.1 billion, with a revenue growth of 1.96%. The company's earnings per share (EPS) stand at $21.21, and it maintains a net margin of 41.49%. Return on equity (ROE) is strong at 39.8%. The next earnings report is expected on June 24, 2026.
Insider Buying and Selling at Micron Technology, Inc.
Recent insider transactions at Micron Technology showed activity from several executives. On June 9, 2026, Alexis Bjorlin purchased 63 shares. Meanwhile, President and CEO Sanjay Mehrotra sold 40,000 shares on May 29 and May 1, 2026, as part of planned sales. Additionally, Steven Gomo sold 2,000 shares on May 11, 2026, and Michael Charles Ray, the SVP and Chief Legal Officer, sold 7,601 shares on May 1, 2026.
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 such as DRAM, NAND flash, and NOR flash, serving a variety of markets including data centers, mobile devices, and automotive industries. Under the leadership of CEO Sanjay Mehrotra, Micron continues to innovate in the semiconductor industry, employing around 53,000 people worldwide.
Bottom Line
Deutsche Bank's continued buy rating for Micron Technology reflects confidence in the company's future performance. With a strong market position and ongoing innovation in memory and storage solutions, Micron remains a key player in the technology sector. Investors will keep an eye on upcoming earnings and market developments, bearing in mind that analyst ratings are forward-looking assessments.
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