RBC Capital Reiterates Buy Rating on Micron Technology, Inc.
RBC Capital continues to see potential in Micron Technology, setting a $1,500 price target, a 32.47% upside from the current price.
Key Points
- RBC Capital reiterated its buy rating on Micron Technology, Inc. (NasdaqGS:MU) with a price target of $1,500 on June 25, 2026.
- RBC Capital's $1,500 price target implies 32.47% upside from Micron Technology, Inc.'s ($MU) current $1,132.33 share price.
- Micron Technology shares traded at $1,048.51 on Thursday, with a market cap of $1.47 trillion and a P/E ratio of 57.1.
- Insider activity included planned sales by CEO Sanjay Mehrotra and a recent buy by Alexis Bjorlin in June 2026.
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RBC Capital has reiterated its buy rating on Micron Technology, Inc. (NasdaqGS:MU) with a price target of $1,500. This update came on June 25, 2026, as part of their ongoing analysis of the semiconductor company.
RBC Capital vs. the S&P 500
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Micron Technology, Inc. Stock Up 18.1%
Shares of NasdaqGS:MU traded near $1,048.51 on Thursday. Micron Technology boasts a market cap of approximately $1.47 trillion, with a P/E ratio of 57.1 and a forward P/E of 10.0. The stock's 52-week range has seen lows of $103.38 and highs of $1,213.56. It has 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 its stock is more volatile compared to the market.
$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, showing a growth of 1.96%. The company's net margin stands at 41.5%, and its return on equity is 39.8%. Earnings per share were $21.21. The next earnings report is anticipated on June 24, 2026.
Dividend
The company offers an annual dividend rate of $0.60, with a yield of 0.05% and a payout ratio of 2.17%. The ex-dividend date was not specified.
Insider Buying and Selling at Micron Technology, Inc.
There has been notable insider activity at Micron Technology. On June 9, 2026, Alexis Bjorlin acquired 63 shares. Meanwhile, CEO Sanjay Mehrotra executed planned sales of 40,000 shares on both May 29 and May 1, 2026. Other insiders, including Michael Charles Ray and Scott Allen, also conducted sales during this period.
Analysts Set New Price Targets
On June 25, 2026, several analysts maintained their buy ratings for Micron Technology. DA Davidson set a target of $2,000, Wells Fargo at $1,525, and TD Cowen at $1,600. RBC Capital set their target at $1,500, while Susquehanna matched DA Davidson's target of $2,000.
About Micron Technology
Micron Technology, Inc., headquartered in Boise, Idaho, designs and manufactures memory and storage products. These include DRAM, NAND flash memory, and SSDs, which are used in various sectors such as data centers, mobile devices, and automotive industries. Led by CEO Sanjay Mehrotra, the company employs around 53,000 people worldwide.
Bottom Line
RBC Capital's reiterated buy rating with a $1,500 target underscores continued confidence in Micron Technology's growth potential. Investors may find such analyst insights useful, though it's important to remember these ratings are based on past performance and future projections. Micron's financial health, demonstrated by its significant market cap and earnings growth, continues to attract analyst attention.
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