Susquehanna Reiterates Buy Rating on Micron Technology
Susquehanna keeps its buy rating on Micron Technology with a $2,000 price target, a 76.63% upside from the current price.
Key Points
- Susquehanna reiterated its buy rating on Micron Technology, Inc. (MU) with a price target of $2,000 on June 25, 2026.
- Susquehanna's $2,000 price target implies 76.63% upside from Micron Technology, Inc.'s ($MU) current $1,132.33 share price.
- Shares of Micron traded near $1,048.51 on Thursday, with a market cap of about $1.37 trillion and a forward P/E ratio of 10.03.
- Analysts from TD Cowen, Rosenblatt, Keybanc, and B of A Securities also maintained buy ratings with targets ranging from $1,500 to $1,650.
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On June 25, 2026, Susquehanna reiterated its buy rating on Micron Technology, Inc. (NasdaqGS: MU), setting a price target of $2,000. Shares of Micron were trading near $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 boasts a market cap of approximately $1.37 trillion, with a P/E ratio of 57.11 and a forward P/E of 10.03. The stock has a 52-week low of $103.38 and a high 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 higher volatility 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 $58.12 billion, with a revenue growth rate of 1.96%. The company achieved an EPS of $21.21, a net margin of 41.49%, and a return on equity of 39.82%. The next earnings release is scheduled for June 24, 2026.
Insider Buying and Selling at Micron Technology, Inc.
Recently, several insiders have been active in trading Micron shares. On June 9, 2026, Alexis Bjorlin bought 63 shares. In planned sales, CEO Sanjay Mehrotra sold 40,000 shares on both May 29 and May 1, while Michael Charles Ray sold 7,601 shares on May 1. Additionally, Steven Gomo sold 2,000 shares on May 11, and Scott Allen sold 912 shares on April 15.
Analysts Set New Price Targets
On June 25, 2026, several analysts maintained their buy ratings on Micron. TD Cowen set a target of $1,600, Rosenblatt at $1,500, Keybanc at $1,600, and B of A Securities at $1,550. The consensus among 40 analysts is a strong buy, with a mean target price of $945.60.
About Micron Technology
Micron Technology, Inc. designs and sells memory and storage products globally. Based in Boise, Idaho, the company operates in various segments, including cloud memory, data center, mobile, and automotive. Under the leadership of CEO Sanjay Mehrotra, Micron employs around 53,000 people.
Bottom Line
Susquehanna's reaffirmation of its buy rating with a $2,000 target underscores confidence in Micron's prospects. While 13F filings offer a historical snapshot, Susquehanna's current rating and target reflect its ongoing analysis of Micron's potential. Investors will continue to watch Micron's performance in the dynamic semiconductor industry.
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