TD Cowen Reiterates Buy Rating for Micron Technology
TD Cowen maintains its buy rating on Micron Technology with a $1,600 price target, a 41.30% upside from the current price.
Key Points
- TD Cowen reiterated its buy rating for Micron Technology, setting a price target of $1,600 on June 25, 2026.
- TD Cowen's $1,600 price target implies 41.30% upside from Micron Technology, Inc.'s ($MU) current $1,132.33 share price.
- Micron Technology, trading at about $1,048 on Thursday, has a market cap of $1.37 trillion and a P/E ratio of 57.1.
- Insider transactions include CEO Sanjay Mehrotra's planned sales of 40,000 shares on May 29 and May 1, 2026.
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TD Cowen reiterated its buy rating for Micron Technology, Inc. (NasdaqGS: MU) on June 25, 2026, maintaining a price target of $1,600. This announcement by analyst Krish Sankar reflects confidence in the semiconductor company's future performance.
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Micron Technology, Inc. Stock Up 21.4%
Shares of NasdaqGS:MU traded near $1,048 on Thursday. Micron Technology has a hefty market cap of approximately $1.37 trillion, with a P/E ratio of 57.1 and a forward P/E of 10.0. The stock's 52-week range shows a low of $103.38 and a high of $1,213.56. Its 50-day moving average is $732.80, while the 200-day moving average stands at $400.75. The company maintains a current ratio of 2.9 and a quick ratio of 2.2, with a debt-to-equity ratio of 14.9.
$MU price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Micron Technology reported revenue of about $58.1 billion, reflecting a growth rate of nearly 2%. The company's net margin is 41.5%, and it boasts a return on equity of 39.8%. Earnings per share came in at $21.21. The next earnings report is expected on June 24, 2026.
Dividend
Micron Technology offers an annual dividend rate of $0.60, yielding 0.05%. The dividend payout ratio is a modest 2.2%.
Insider Buying and Selling at Micron Technology, Inc.
Several insider transactions have occurred recently at Micron Technology. On June 9, 2026, Alexis Bjorlin acquired 63 shares. CEO Sanjay Mehrotra executed planned sales of 40,000 shares on both May 29 and May 1, 2026, at prices of $961.35 and $536.26, respectively. Steven Gomo sold 2,000 shares on May 11, 2026, at $787.04, while Michael Charles Ray, Chief Legal Officer, sold 7,601 shares on May 1, 2026, at $534.30. Scott Allen, Chief Accounting Officer, sold 912 shares on April 15, 2026, at $465.66.
Analysts Set New Price Targets
On June 25, 2026, several firms maintained their buy ratings for Micron Technology. TD Cowen set a price target of $1,600. Susquehanna gave a target of $2,000, Rosenblatt set $1,500, Keybanc matched TD Cowen's $1,600, B of A Securities set $1,550, and Needham targeted $1,650. The consensus recommendation is a strong buy, with a mean price target of $945.60 based on 40 analyst opinions.
About Micron Technology
Micron Technology, Inc., headquartered in Boise, Idaho, is a global leader in semiconductor memory and storage solutions. The company designs, develops, manufactures, and markets memory products such as DRAM, NAND flash, and NOR flash. These products are essential for data centers, personal computers, mobile devices, and automotive applications. Under the leadership of CEO Sanjay Mehrotra, Micron employs 53,000 people and serves customers worldwide through various sales channels.
Bottom Line
TD Cowen's reiterated buy rating and $1,600 price target for Micron Technology underscore confidence in the company's growth prospects. Investors tracking Micron should note the strong analyst consensus and the recent insider activities. Remember, analyst ratings are just one piece of the puzzle and should be considered alongside other factors.
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