Mizuho Reiterates Buy Rating on Micron Technology
Mizuho maintains its buy rating on Micron Technology, setting a $1,375 price target, a 21.43% upside from the current price.
Key Points
- Mizuho reiterated its buy rating on Micron Technology, Inc. (MU) with a price target of $1,375 on June 25, 2026.
- Mizuho's $1,375 price target implies 21.43% upside from Micron Technology, Inc.'s ($MU) current $1,132.33 share price.
- Micron Technology shares traded at $1,048.51 on Thursday, with a market cap of $1.37 trillion and a forward P/E of 10.03.
- Analysts from Raymond James, Wedbush, and others also maintained buy ratings with various price targets.
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Mizuho reiterated its buy rating on Micron Technology, Inc. (NasdaqGS: MU) on June 25, 2026, setting a price target of $1,375. Shares of Micron traded at $1,048.51 on Thursday.
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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 about $1.37 trillion, with a P/E ratio of 57.11 and a forward P/E of 10.03. The stock's beta is 2.173, indicating it is more volatile than the market. Its 52-week range is between $103.38 and $1,213.56, with a 50-day moving average of $732.80 and a 200-day moving average of $400.75. The company has a 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 $58.12 billion, growing at a rate of 1.96%. Its earnings per share were $21.21, with a net margin of 41.49% and a return on equity of 39.82%. The next earnings release is scheduled for June 24, 2026.
Dividend
Micron pays an annual dividend rate of $0.60, yielding 0.05% with a payout ratio of 2.17%.
Insider Buying and Selling at Micron Technology, Inc.
On June 9, 2026, Alexis Bjorlin bought 63 shares, while on May 29, 2026, CEO Sanjay Mehrotra sold 40,000 shares at an average price of $961.35 as part of a planned transaction. Earlier, on May 1, 2026, Mehrotra sold another 40,000 shares at $536.26, also under a planned sale. Additionally, Steven Gomo sold 2,000 shares at $787.04 on May 11, 2026.
Analysts Set New Price Targets
On June 25, 2026, several analysts maintained their buy ratings for Micron Technology. Raymond James set a price target of $1,500, while Wedbush and Deutsche Bank set targets of $1,400 and $1,550, respectively. Mizuho reiterated its buy rating with a $1,375 target. DA Davidson offered a high target of $2,000. The consensus recommendation is a strong buy, with an average target price of $945.60 based on 40 analyst opinions.
About Micron Technology
Micron Technology, Inc., based in Boise, Idaho, designs and manufactures memory and storage products. Founded in 1978, it operates through several business units, including Cloud Memory and Mobile and Client. The company provides a range of products such as DRAM, NAND, and SSDs, serving sectors like data centers, mobile devices, and automotive. Under the leadership of CEO Sanjay Mehrotra, Micron employs about 53,000 people.
Bottom Line
Mizuho's reiteration of a buy rating on Micron Technology with a $1,375 target reflects continued confidence in the company's performance. While the stock's volatility is notable, its market cap and strong earnings provide a solid foundation. The analyst consensus remains positive, underscoring Micron's strong position in the semiconductor industry.
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