Wedbush Reiterates Buy Rating on Micron Technology, Inc.
Wedbush maintains its buy rating on Micron Technology with a $1,300 price target, a 23.65% upside from the current price.
Key Points
- Wedbush analyst Matt Bryson reiterated a buy rating on Micron Technology, Inc. (MU) with a price target of $1,300 on June 18, 2026.
- Wedbush's $1,300 price target implies 23.65% upside from Micron Technology, Inc.'s ($MU) current $1,051.38 share price.
- Shares of NasdaqGS:MU are trading near $1,127.89 with a market cap of approximately $1.18 trillion and a forward P/E of 9.10.
- Several analysts, including Stifel and Citigroup, maintain buy ratings with targets ranging from $1,200 to $1,500.
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Wedbush analyst Matt Bryson reiterated a buy rating on Micron Technology, Inc. (NasdaqGS:MU) on June 18, 2026, setting a price target of $1,300. This comes as the stock trades near $1,127.89, signaling confidence in its potential upside.
What Changed in Wedbush's Micron Technology Position
Wedbush's latest action confirms its positive outlook on Micron Technology, maintaining a buy rating with a target price of $1,300. The reaffirmation suggests continued belief in the company's growth prospects and market position.
Other Institutional Activity in Micron Technology
In recent institutional activity, BlackRock, Inc. increased its holdings by 2.44 million shares, reaching a total of 103.1 million shares valued at about $34.85 billion. Vanguard Capital Management LLC added a substantial number of shares, now holding 73.1 million shares worth approximately $24.71 billion. On the other hand, State Street Corp reduced its position by 510,334 shares, bringing its total to 52.2 million shares valued at $17.66 billion. Capital World Investors significantly cut its stake by 16.2 million shares, ending with 42.1 million shares worth $14.21 billion.
Micron Technology, Inc. Stock Up 12.7%
Shares of Micron Technology (NasdaqGS:MU) are trading near $1,127.89. The company boasts a market cap of approximately $1.18 trillion, with a P/E ratio of 49.14 and a forward P/E of 9.10. Its beta is 2.173, indicating higher volatility. The stock's 52-week range is between $103.38 and $1,110.40, with a 50-day moving average of $718.25 and a 200-day moving average of $395.67. Micron's financial health is supported by a current ratio of 2.897 and a quick ratio of 2.232, with a debt-to-equity ratio of 14.902.
$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 achieved an EPS of $21.23, a net margin of 41.49%, and a return on equity of 39.82%. The next earnings announcement is scheduled for June 24, 2026.
Insider Buying and Selling at Micron Technology, Inc.
Recent insider activity includes purchases and sales by key executives. On June 9, 2026, Alexis Bjorlin acquired 63 shares. President and CEO Sanjay Mehrotra sold 40,000 shares on May 29 and May 1, 2026, at prices of $961.35 and $536.26, respectively, with both transactions planned. Other notable sales include 2,000 shares by Steven Gomo on May 11, 2026, and 7,601 shares by SVP and Chief Legal Officer Michael Charles Ray on May 1, 2026.
Analysts Set New Price Targets
Several analysts have recently set price targets for Micron Technology. On June 18, 2026, Stifel maintained a buy rating with a $1,500 target, while Citigroup reiterated a buy rating with a $1,200 target on June 17, 2026. Deutsche Bank also maintained a buy rating with a $1,500 target. The consensus among analysts is a strong buy, with a mean target price of $879.10 based on 40 opinions.
About Micron Technology
Micron Technology, Inc., based in Boise, Idaho, is a leading player in the semiconductor industry. The company designs and manufactures memory and storage products, serving various markets such as data centers, PCs, mobile devices, and automotive industries. Under the leadership of CEO Sanjay Mehrotra, Micron employs approximately 53,000 people worldwide. It operates through multiple business units, including Cloud Memory, Core Data Center, Mobile and Client, and Automotive and Embedded.
Bottom Line
Wedbush's reiterated buy rating on Micron Technology underlines confidence in the company's future performance. Investors closely watch such analyst actions as they provide insights into potential stock movements. It's important to note that these ratings are based on past performance and forecasts, and may not reflect current market conditions.
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