Wedbush Reiterates Buy Rating on Micron Technology
Wedbush has reiterated its buy rating on Micron Technology, setting a price target of $1,400, a 23.64% upside from the current price.
Key Points
- Wedbush analyst Matt Bryson reiterated a buy rating on Micron Technology with a target price of $1,400 on June 25, 2026.
- Wedbush's $1,400 price target implies 23.64% upside from Micron Technology, Inc.'s ($MU) current $1,132.33 share price.
- Micron Technology shares traded near $1,048.51 on Thursday, with a market cap of approximately $1.37 trillion and a forward P/E of 10.03.
- Major funds like BlackRock and Vanguard are actively trading Micron, while analysts maintain a strong buy consensus with a high target of $2,000.
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On June 25, 2026, Wedbush analyst Matt Bryson reiterated his buy rating on Micron Technology, Inc. (NasdaqGS: MU), setting a price target of $1,400. This move comes as analysts continue to show confidence in Micron's potential in the semiconductor industry.
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Other Institutional Activity in Micron Technology
Institutional investors have been actively adjusting their positions in Micron Technology. BlackRock, Inc. increased its holdings by 2,446,043 shares, bringing its total to 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. State Street Corp reduced its stake by 510,334 shares, ending with 52,239,483 shares valued at $17.66 billion. Capital World Investors cut its holdings by 16,194,733 shares to 42,054,392 shares, valued at $14.21 billion. Meanwhile, Geode Capital Management, LLC added 1,434,988 shares, totaling 27,432,757 shares worth about $9.24 billion.
Micron Technology, Inc. Stock Up 21.4%
Shares of Micron Technology traded near $1,048.51 on Thursday. The company has a market cap of approximately $1.37 trillion, with a P/E ratio of 57.11 and a forward P/E of 10.03. Its beta is 2.173, indicating higher volatility compared to the market. Over the past 52 weeks, the stock's low was $103.38, and its high was $1,213.56. The 50-day moving average is $732.80, and the 200-day moving average is $400.75. The company maintains a strong liquidity position with a current ratio of 2.897 and a quick ratio of 2.232, while its debt-to-equity ratio stands at 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 revenue growth of 1.96%. The company's net margin is 41.49%, and return on equity (ROE) is 39.82%. Earnings per share (EPS) stand at $21.21. Investors are looking forward to the next earnings report scheduled for June 24, 2026.
Dividend
Micron Technology pays an annual dividend rate of $0.60, yielding 0.05% with a payout ratio of 2.17%. The ex-dividend date is not specified.
Insider Buying and Selling at Micron Technology, Inc.
Recent insider activity at Micron Technology includes several transactions. On June 9, 2026, Alexis Bjorlin purchased 63 shares. On May 29, 2026, President and CEO Sanjay Mehrotra sold 40,000 shares at an average price of $961.35 under a planned sale. Earlier, on May 1, 2026, Mehrotra sold another 40,000 shares at $536.26, also as part of a planned sale. Additionally, Michael Charles Ray, SVP and Chief Legal Officer, sold 7,601 shares at $534.30 on May 1, 2026, under a planned sale.
Analysts Set New Price Targets
On June 25, 2026, several analysts maintained their buy ratings on Micron Technology. Raymond James set a price target of $1,500, Deutsche Bank aimed for $1,550, and Mizuho targeted $1,375. DA Davidson set a high target of $2,000, while Wells Fargo and RBC Capital both set targets at $1,500. TD Cowen provided a target of $1,600. The consensus rating remains a strong buy, with an average target price of $945.60 from 40 analyst opinions.
About Micron Technology
Micron Technology, Inc., headquartered in Boise, Idaho, is a leader in the semiconductor industry. The company designs and manufactures memory and storage products, serving markets like data centers, PCs, graphics, and mobile devices. Led by CEO Sanjay Mehrotra, Micron operates globally, employing 53,000 people. It offers a wide range of products, including DRAM, NAND, and SSDs, marketed under the Micron and Crucial brands.
Bottom Line
Wedbush's reiterated buy rating and $1,400 price target reflect confidence in Micron Technology's growth prospects. Institutional investors are actively trading the stock, and analysts maintain a strong buy consensus. As a key player in the semiconductor industry, Micron's financial health and strategic positioning make it a closely watched stock.
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