Keybanc Reiterates Buy Rating on Micron Technology
Keybanc maintains a buy rating for Micron Technology with a $1,600 target, a 41.30% upside from the current price.
Key Points
- Keybanc's analyst John Vinh reiterated a buy rating on Micron Technology, setting a price target of $1,600 on June 25, 2026.
- Keybanc's $1,600 price target implies 41.30% upside from Micron Technology, Inc.'s ($MU) current $1,132.33 share price.
- Micron Technology, Inc. has a market cap of $1.37 trillion, a P/E ratio of 57.1, and a forward P/E of 10.0.
- Insiders like CEO Sanjay Mehrotra have been active, with recent sales under planned transactions.
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Keybanc analyst John Vinh reiterated a buy rating on Micron Technology, Inc. (NasdaqGS: MU) on June 25, 2026. Vinh set a price target of $1,600 for the semiconductor company, affirming confidence in its growth prospects.
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Micron Technology, Inc. Stock Up 21.4%
Shares of NasdaqGS:MU traded near $1,048.51 on Thursday. Micron Technology has a market cap of approximately $1.37 trillion, with a P/E ratio of 57.1 and 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. Its strong liquidity is reflected in a current ratio of 2.897 and a quick ratio of 2.232, while the debt-to-equity ratio stands at 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, with a revenue growth of 1.96%. The company's net margin is 41.49%, and its return on equity is 39.82%. The next earnings date is scheduled for June 24, 2026.
Dividend
Micron pays an annual dividend rate of $0.60, yielding 0.05%. The dividend payout ratio is a modest 2.17%.
Insider Buying and Selling at Micron Technology, Inc.
Recent insider activity at Micron includes several sales by key executives. President and CEO Sanjay Mehrotra sold 40,000 shares at an average price of $961.35 on May 29, 2026, under a planned transaction. Additionally, he sold another 40,000 shares at $536.26 on May 1, 2026, also planned. Other insiders, like Michael Charles Ray, Chief Legal Officer, sold 7,601 shares at $534.30 on May 1, 2026, under a planned sale.
Analysts Set New Price Targets
On June 25, 2026, several firms maintained their buy ratings on Micron Technology. Susquehanna set a price target at $2,000, Rosenblatt at $1,500, and B of A Securities at $1,550. Needham maintained a buy rating with a $1,650 target. The consensus among 40 analysts is a strong buy, with a mean price target of $945.60.
About Micron Technology
Micron Technology, Inc., headquartered in Boise, Idaho, is a leading semiconductor company that designs and manufactures memory and storage products. It serves various markets, including data centers, mobile devices, and automotive industries. Founded in 1978, the company operates globally with approximately 53,000 employees under the leadership of CEO Sanjay Mehrotra.
Bottom Line
Keybanc's reaffirmation of its buy rating on Micron Technology underscores the firm's positive outlook on the company's future. Investors often track such analyst updates for insights on stock potential. It's important to note that analyst ratings and price targets are forward-looking and reflect expectations that may not align with current market conditions.
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