Morgan Stanley Reiterates Buy Rating for Micron Technology
Morgan Stanley maintains a buy rating on Micron Technology with a $1,200 price target, a 4.78% upside from the current price.
Key Points
- Morgan Stanley reiterated its buy rating on Micron Technology (MU) with a price target of $1,200 on June 25, 2026.
- Morgan Stanley's $1,200 price target implies 4.78% upside from Micron Technology, Inc.'s ($MU) current $1,145.28 share price.
- Shares of MU traded near $1,048.51 on Thursday, with a market cap of about $1.37 trillion and a forward P/E of 10.03.
- Analysts from firms like Goldman Sachs and Deutsche Bank also maintained buy ratings, with targets ranging from $1,100 to $2,000.
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Morgan Stanley has reiterated its buy rating on Micron Technology, Inc. (NasdaqGS:MU), setting a price target of $1,200. This update came on June 25, 2026, from analyst Joseph Moore. The firm continues to have a positive outlook on the semiconductor company.
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Other Institutional Activity in Micron Technology
BlackRock, Inc. grew its holdings in Micron Technology by 2,446,043 shares, ending with 103,147,586 shares worth about $34.8 billion. Vanguard Capital Management LLC opened a new position with 73,137,283 shares valued at approximately $24.7 billion. State Street Corp trimmed its stake by 510,334 shares, now holding 52,239,483 shares valued at $17.7 billion. Capital World Investors reduced its position by 16,194,733 shares, leaving it with 42,054,392 shares worth $14.2 billion. Meanwhile, FMR LLC cut its holdings by 7,541,773 shares, holding 32,054,565 shares valued at $10.8 billion.
Micron Technology, Inc. Stock Up 22.8%
Shares of Micron Technology traded near $1,048.51 on Thursday. The company has a market capitalization of about $1.37 trillion and a forward P/E ratio of 10.03. The stock's beta is 2.173, indicating higher volatility compared to the broader market. Over the past year, the stock has ranged from $103.38 to $1,213.56, with a 50-day moving average of $732.80 and a 200-day moving average of $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 approximately $58.1 billion, with a modest growth of 1.96%. The company achieved an earnings per share (EPS) of $21.21, 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, yielding 0.05%. The dividend payout ratio is a conservative 2.17%.
Insider Buying and Selling at Micron Technology, Inc.
On June 9, 2026, Alexis Bjorlin purchased 63 shares. On May 29 and May 1, 2026, Sanjay Mehrotra, President and CEO, sold 40,000 shares each at average prices of $961.35 and $536.26 respectively, both under planned transactions. Additionally, Michael Charles Ray, SVP and Chief Legal Officer, sold 7,601 shares at $534.30 on May 1, 2026, also as part of a planned sale.
Analysts Set New Price Targets
On June 25, 2026, several analysts maintained their ratings and set new price targets for Micron Technology. Goldman Sachs maintained a hold rating with a $1,100 target. Morgan Stanley reiterated its buy rating with a $1,200 target. Raymond James, Wedbush, Deutsche Bank, and others also maintained buy ratings, with targets ranging from $1,400 to $2,000. The consensus recommendation for Micron Technology remains a strong buy, with an average target price of $945.6 based on 40 analyst opinions.
About Micron Technology
Micron Technology, Inc. is a leading player in the semiconductor industry, specializing in the design, development, and manufacturing of memory and storage products. Headquartered in Boise, Idaho, the company serves a global market, including sectors like data centers, PCs, graphics, automotive, and mobile devices. Under the leadership of CEO Sanjay Mehrotra, Micron operates through various business units, offering products such as DRAM, NAND, and SSDs under the Micron and Crucial brands.
Bottom Line
Micron Technology remains a key player in the semiconductor sector, with strong institutional interest and positive analyst sentiment. Morgan Stanley's reiterated buy rating and $1,200 price target reflect confidence in the company's future prospects. Investors track these developments closely, though it's important to remember that analyst ratings are forward-looking opinions.
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