Wells Fargo Reiterates Buy Rating on Micron Technology
Wells Fargo maintains its bullish stance on Micron Technology, targeting a price of $1,525, a 34.68% upside from the current price.
Key Points
- Wells Fargo reiterated its buy rating on Micron Technology, with a price target of $1,525 on June 25, 2026.
- Wells Fargo's $1,525 price target implies 34.68% upside from Micron Technology, Inc.'s ($MU) current $1,132.33 share price.
- Micron shares were trading around $1,048.51 on Thursday, with a market cap of approximately $1.37 trillion and a P/E ratio of 57.1.
- Insiders including CEO Sanjay Mehrotra have been active, with recent sales under planned trading programs.
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On June 25, 2026, Wells Fargo reiterated its buy rating on Micron Technology, Inc. (NasdaqGS: MU), setting a price target of $1,525. Analyst Aaron Rakers maintains a bullish outlook on the semiconductor company, which continues to show strong performance in the market.
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Other Institutional Activity in Micron Technology
Several institutional investors have been adjusting their positions in Micron Technology. BlackRock, Inc. grew its holdings by 2,446,043 shares, ending with 103,147,586 shares worth about $34.85 billion, a 2.4% increase. Vanguard Capital Management LLC opened a new position with 73,137,283 shares valued at approximately $24.71 billion. State Street Corp reduced its stake by 510,334 shares, resulting in 52,239,483 shares valued at $17.66 billion, marking a 1.0% decrease. Capital World Investors significantly cut its holdings by 16,194,733 shares, leaving it with 42,054,392 shares worth about $14.21 billion, a 27.8% decrease.
Micron Technology, Inc. Stock Up 21.4%
Shares of Micron Technology traded near $1,048.51 on Thursday. The company boasts a market capitalization of roughly $1.37 trillion and a P/E ratio of 57.1. Its forward P/E is much lower at 10.0, suggesting potential future earnings growth. The stock has seen a 52-week low of $103.38 and a high of $1,213.56. Micron's 50-day moving average stands at $732.80, with a 200-day moving average of $400.75. The company maintains a solid financial position with a current ratio of 2.9 and a quick ratio of 2.2.
$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's net margin is 41.5%, and it achieved a return on equity of 39.8%. Earnings per share were $21.21. The next earnings report is scheduled for June 24, 2026.
Dividend
Micron Technology offers a modest dividend, with an annual rate of $0.60 and a yield of 0.05%. The dividend payout ratio is a low 2.17%, indicating a conservative approach to distributing profits.
Insider Buying and Selling at Micron Technology, Inc.
Recent insider activity at Micron Technology includes several planned sales by President and CEO Sanjay Mehrotra, who sold 40,000 shares on May 29, 2026, at an average price of $961.35, and another 40,000 shares on May 1, 2026, at $536.26. Alexis Bjorlin, an insider, purchased 63 shares on June 9, 2026. Other sales were made by Steven Gomo and Michael Charles Ray, reflecting ongoing insider trading activity.
Analysts Set New Price Targets
On June 25, 2026, several analysts maintained their buy ratings on Micron Technology. DA Davidson set a target of $2,000, RBC Capital at $1,500, and TD Cowen at $1,600. The consensus among 40 analysts is a strong buy, with a mean target price of $945.6.
About Micron Technology
Micron Technology, Inc. is a major player in the semiconductor industry, designing and manufacturing memory and storage solutions. Headquartered in Boise, Idaho, the company operates globally, serving a wide range of markets including data centers, mobile, automotive, and consumer electronics. Under the leadership of CEO Sanjay Mehrotra, Micron employs approximately 53,000 people and continues to drive innovation in memory products and storage solutions.
Bottom Line
Wells Fargo's reiterated buy rating on Micron Technology highlights continued confidence in the company's growth prospects. Investors closely watch such analyst opinions to gauge market sentiment. As a reminder, these analyst ratings are based on past performance and projections, not current holdings.
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