Micron Technology (MU) Stock Forecast & Price Target

$108.33

+0.34 (+0.31%)

(As of 08/21/2024 ET)

Micron Technology - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 26 Analyst Ratings

Based on 26 Wall Street analysts who have issued ratings for Micron Technology in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 26 analysts, 1 has given a hold rating, and 25 have given a buy rating for MU.

Consensus Price Target

$157.92
45.78% Upside

High Forecast	$225.00
Average Forecast	$157.92
Low Forecast	$90.00

According to the 26 analysts' twelve-month price targets for Micron Technology, the average price target is $157.92. The highest price target for MU is $225.00, while the lowest price target for MU is $90.00. The average price target represents a forecasted upside of 45.78% from the current price of $108.33.

Type	Current Forecast 8/23/23 to 8/22/24	1 Month Ago 7/24/23 to 7/23/24	3 Months Ago 5/25/23 to 5/24/24	1 Year Ago 8/23/22 to 8/23/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	25 Buy rating(s)	25 Buy rating(s)	25 Buy rating(s)	23 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	6 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$157.92	$158.72	$126.92	$73.43
Forecasted Upside	45.78% Upside	21.76% Upside	22.33% Upside	23.81% Upside

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MU Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

MU Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Micron Technology Stock vs. The Competition

Type	Micron Technology	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.96	2.62	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	45.78% Upside	353.87% Upside	8.74% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/6/2024	KeyCorp 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$165.00 ➝ $145.00	+63.40%
6/27/2024	UBS Group 4 of 5 stars		Lower Target	Buy ➝ Buy	$155.00 ➝ $153.00	+15.86%
6/27/2024	Wedbush 3 of 5 stars		Reiterated Rating	Outperform ➝ Outperform	$170.00 ➝ $170.00	+25.56%
6/27/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$138.00 ➝ $158.00	+16.70%
6/27/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$130.00 ➝ $180.00	+32.95%
6/27/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$150.00 ➝ $160.00	+12.39%
Get the Latest News and Ratings for MU and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Micron Technology and its competitors with MarketBeat's FREE daily newsletter.
6/27/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$120.00 ➝ $150.00	+5.37%
6/27/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$130.00 ➝ $150.00	+5.37%
6/25/2024	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$225.00 ➝ $225.00	+61.86%
6/24/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$130.00 ➝ $140.00	-0.18%
6/24/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$150.00 ➝ $175.00	+24.53%
6/24/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$150.00 ➝ $172.00	+23.26%
6/21/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$130.00 ➝ $160.00	+14.18%
6/21/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$150.00 ➝ $200.00	+40.68%
6/20/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$135.00 ➝ $190.00	+23.82%
6/18/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$140.00 ➝ $165.00	+11.61%
6/17/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Muse Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$150.00 ➝ $180.00	+25.11%
6/17/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Positive ➝ Positive	$143.00 ➝ $185.00	+27.24%
6/17/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$144.00 ➝ $170.00	+20.26%
5/31/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$150.00 ➝ $155.00	+22.73%
5/13/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$120.00 ➝ $145.00	+18.11%
3/21/2024	Fox Advisors Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight
3/21/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$140.00	+45.45%
12/21/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$90.00 ➝ $100.00	+18.89%
12/21/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$85.00 ➝ $90.00	+14.37%
12/18/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$80.00 ➝ $90.00	+10.85%
6/29/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
6/29/2023	22nd Century Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
4/13/2023	New Street Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$75.00 ➝ $100.00	+60.69%
1/3/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Chris Caso Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		$66.00	+32.05%
12/22/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$70.00 ➝ $66.00	+35.16%
10/13/2022	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$70.00	+27.53%
9/30/2022	Summit Insights Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
9/26/2022	Susquehanna Bancshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Positive	$68.00 ➝ $60.00	+20.92%
9/13/2022	Exane BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	Karl Ackerman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$75.00	+33.64%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 04:59 AM ET.

MU Forecast - Frequently Asked Questions

What is Micron Technology's forecast for 2024?: According to the research reports of 26 Wall Street equities research analysts, the average twelve-month stock price forecast for Micron Technology is $157.92, with a high forecast of $225.00 and a low forecast of $90.00.
Should I buy or sell Micron Technology stock right now?: 26 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last twelve months. There is currently 1 hold rating and 25 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" MU shares.
Does Micron Technology's stock price have much upside?: According to analysts, Micron Technology's stock has a predicted upside of 22.73% based on their 12-month stock forecasts.
What analysts cover Micron Technology?: Micron Technology has been rated by research analysts at Bank of America, Cantor Fitzgerald, Citigroup, JPMorgan Chase & Co., KeyCorp, Mizuho, Morgan Stanley, Needham & Company LLC, Piper Sandler, Raymond James, Robert W. Baird, Rosenblatt Securities, Stifel Nicolaus, Susquehanna, TD Cowen, The Goldman Sachs Group, UBS Group, Wedbush, Wells Fargo & Company, and Wolfe Research in the past 90 days.
Do Wall Street analysts like Micron Technology more than its competitors?: Analysts like Micron Technology more than other "computer and technology" companies. The consensus rating score for Micron Technology is 2.96 while the average consensus rating score for "computer and technology" companies is 2.62. Learn more on how MU compares to other companies.