Raymond James Reiterates Buy Rating on Micron Technology
Analyst Melissa Fairbanks sets a $1,500 price target for Micron Technology, a 30.97% upside from the current price.
Key Points
- Raymond James reiterated its buy rating on Micron Technology, Inc. (MU) with a price target of $1,500 on June 25, 2026.
- Raymond James's $1,500 price target implies 30.97% upside from Micron Technology, Inc.'s ($MU) current $1,145.28 share price.
- Shares of Micron Technology traded near $1,048.51 on Thursday, with a market cap of over $1.36 trillion and a P/E ratio of 57.1.
- Analysts from Goldman Sachs, Morgan Stanley, and others also maintained buy ratings, highlighting strong market confidence.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
On June 25, 2026, Raymond James reiterated its buy rating on Micron Technology, Inc. (NasdaqGS: MU), setting a price target of $1,500. Analyst Melissa Fairbanks expressed confidence in the company's future prospects.
Raymond James vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
Other Institutional Activity in Micron Technology
BlackRock, Inc. grew its holdings by 2,446,043 shares, ending with 103,147,586 shares valued at about $34.85 billion. Vanguard Capital Management LLC opened a new position with 73,137,283 shares worth approximately $24.71 billion. Meanwhile, State Street Corp reduced its holdings by 510,334 shares to 52,239,483 shares, valued at $17.66 billion. Capital World Investors trimmed its stake by 16,194,733 shares, holding 42,054,392 shares valued at $14.21 billion. FMR LLC also decreased its position by 7,541,773 shares, resulting in 32,054,565 shares worth about $10.83 billion.
Micron Technology, Inc. Stock Up 22.8%
Shares of Micron Technology traded near $1,048.51 on Thursday. The company boasts a market cap of over $1.36 trillion, with a P/E ratio of 57.1. It has a forward P/E of 10.0 and a beta of 2.173, indicating higher volatility compared to the market. The stock's 52-week range is between $103.38 and $1,213.56, while its 50-day and 200-day moving averages are $732.80 and $400.75, respectively. Micron's current ratio is 2.897, and its quick ratio is 2.232, reflecting strong liquidity.
$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 modest growth rate of 1.96%. The company's net margin stood at 41.5%, and return on equity was 39.8%. Its next earnings report is expected on June 24, 2026.
Dividend
Micron Technology offers 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. CEO Sanjay Mehrotra sold 40,000 shares at $961.35 on May 29, 2026, under a planned sale. Steven Gomo sold 2,000 shares at $787.04 on May 11, 2026.
Analysts Set New Price Targets
On June 25, 2026, Goldman Sachs maintained a hold rating with a $1,100 target. Morgan Stanley kept a buy rating at $1,200, and Wedbush reiterated a buy rating with a $1,400 target. Deutsche Bank set a $1,550 target, and DA Davidson had the highest target at $2,000. The consensus recommendation remains a strong buy, with an average target price of $945.60 based on 40 analyst opinions.
About Micron Technology
Micron Technology, Inc. is a leading player in the technology sector, specializing in semiconductors. Headquartered in Boise, Idaho, the company designs and manufactures memory and storage products, serving a diverse range of markets including data centers, PCs, and mobile devices. Under the leadership of CEO Sanjay Mehrotra, Micron operates globally, employing approximately 53,000 people.
Bottom Line
Raymond James's reiteration of a buy rating with a $1,500 target underscores confidence in Micron Technology's potential. As a major player in the semiconductor industry, Micron's stock performance and strategic moves are closely watched by investors. Analyst ratings and institutional activity provide valuable insights, but remember that these are historical perspectives and may not reflect current market conditions.
Get Micron Technology, Inc. alerts
New 13F filings, insider trades, and analyst moves on $MU, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.