Robert W. Baird Issues Positive Forecast for Micron Technology (NASDAQ:MU) Stock Price

Micron Technology (NASDAQ:MU) had its price objective increased by Robert W. Baird from $1,280.00 to $1,520.00 in a research report released on Monday morning, Marketbeat.com reports. The brokerage currently has an outperform rating on the semiconductor manufacturer’s stock.

A number of other research analysts have also weighed in on MU. Argus reduced their price target on Micron Technology from $1,500.00 to $540.00 and set a “buy” rating on the stock in a research note on Thursday, June 25th. Morgan Stanley lifted their price objective on Micron Technology from $1,050.00 to $1,200.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. Wedbush upped their target price on Micron Technology from $1,300.00 to $1,400.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. TD Cowen reiterated a “buy” rating and issued a $1,600.00 target price (up from $1,500.00) on shares of Micron Technology in a research note on Wednesday, September 16th. Finally, Needham & Company LLC increased their target price on Micron Technology from $1,550.00 to $1,650.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,348.03.

Micron Technology Stock Down 2.6%

Shares of NASDAQ MU opened at $1,053.98 on Monday. The firm has a market cap of $1.19 trillion, a P/E ratio of 23.86, a price-to-earnings-growth ratio of 0.68 and a beta of 2.22. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42. Micron Technology has a 1 year low of $159.97 and a 1 year high of $1,255.00. The firm’s 50 day moving average price is $948.75 and its 200 day moving average price is $804.96.

Insider Buying and Selling at Micron Technology

In other news, EVP Sumit Sadana sold 15,000 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total value of $14,014,350.00. Following the completion of the sale, the executive vice president owned 191,021 shares of the company’s stock, valued at $178,469,010.09. This represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP April S. Arnzen sold 40,000 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the completion of the sale, the executive vice president directly owned 85,737 shares of the company’s stock, valued at $92,933,763.78. The trade was a 31.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 135,879 shares of company stock worth $134,297,066. 0.24% of the stock is currently owned by corporate insiders.

Institutional Trading of Micron Technology

Institutional investors have recently added to or reduced their stakes in the business. Andar Capital Management HK Ltd boosted its position in shares of Micron Technology by 856,960.3% in the second quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock worth $39,571,847,000 after buying an additional 34,278,413 shares during the period. Primecap Management Co. CA acquired a new stake in shares of Micron Technology in the second quarter valued at about $22,182,263,000. Legal & General Group Plc purchased a new stake in shares of Micron Technology during the 2nd quarter valued at about $8,402,393,000. Situational Awareness LP raised its holdings in shares of Micron Technology by 1,149.0% during the 2nd quarter. Situational Awareness LP now owns 4,828,786 shares of the semiconductor manufacturer’s stock valued at $5,573,819,000 after buying an additional 5,289,124 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new position in Micron Technology during the 2nd quarter worth approximately $3,761,237,000. 80.84% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Micron Technology

Here are the key news stories impacting Micron Technology this week:

• Positive Sentiment: Strong AI-driven demand supports the outlook. Analysts expect tight HBM4, DRAM and NAND supplies, rising memory prices and accelerating data-center demand to drive substantial revenue and earnings growth. Micron’s prior guidance called for approximately $50 billion in revenue, adjusted EPS near $31 and an 86% gross margin. AI Boom-Led Memory Chip Demand to Boost Micron’s DRAM Revenues in Q4
• Positive Sentiment: Analysts remain bullish. Wedbush reaffirmed an Outperform rating with a $1,400 target, while Baird raised its target to $1,520 and JPMorgan reiterated an Overweight rating with a $1,540 target. Wedbush also sees potential fourth-quarter EPS in the mid-$30s if DRAM and NAND prices rise by the mid-teens. Micron Poised for Upside as Memory Prices Climb
• Neutral Sentiment: Earnings volatility is elevated. Options traders anticipate an approximately 8.6% post-earnings move, making the September 30 report a major near-term catalyst. Investors will focus not only on fourth-quarter results but also on fiscal 2027 pricing, supply constraints and the durability of AI spending. Here’s How Much Traders Expect Micron Stock to Move After Earnings
• Negative Sentiment: Expectations may be stretched. Wall Street expects revenue to increase more than 352% year over year to about $51.19 billion and adjusted EPS to reach $31.62. After the stock’s substantial advance, any indication that growth or margins may peak could prompt profit-taking.
• Negative Sentiment: Macro and industry risks are weighing on sentiment. Higher bond yields and crude oil prices are pressuring growth stocks, while an OpenAI pause in testing some advanced models has revived concerns about the pace of AI investment. Acer’s CEO also cautioned that memory prices may not keep rising as long as investors expect. Acer’s CEO Has a Warning for Micron Technology Investors

About Micron Technology

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, three-dimensional XPoint-related technologies, solid-state drives, and high-bandwidth memory products designed for demanding computing applications.

The company serves customers across the data center, artificial intelligence, networking, automotive, industrial, mobile, consumer electronics, and embedded markets.