DA Davidson Issues Positive Forecast for Micron Technology (NASDAQ:MU) Stock Price

Posted by Lauren Steadman on May 28th, 2026

Micron Technology (NASDAQ:MU – Get Free Report) had its price target increased by investment analysts at DA Davidson from $1,000.00 to $1,500.00 in a report released on Thursday. The firm currently has a “buy” rating on the semiconductor manufacturer’s stock. DA Davidson’s price objective suggests a potential upside of 59.04% from the stock’s current price.

Several other analysts have also issued reports on MU. Wells Fargo & Company increased their price target on shares of Micron Technology from $470.00 to $550.00 and gave the stock an “overweight” rating in a research report on Thursday, March 19th. Bank of America raised their target price on shares of Micron Technology from $400.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Micron Technology from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Stifel Nicolaus lifted their price target on Micron Technology from $360.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Finally, Susquehanna lifted their price target on Micron Technology from $345.00 to $525.00 and gave the company a “positive” rating in a research note on Monday, March 9th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $571.47.

Check Out Our Latest Stock Analysis on MU

Micron Technology Stock Performance

Shares of MU traded up $14.77 during mid-day trading on Thursday, hitting $943.18. 20,413,706 shares of the company’s stock were exchanged, compared to its average volume of 42,954,664. Micron Technology has a 52 week low of $92.22 and a 52 week high of $956.16. The stock’s 50-day simple moving average is $538.07 and its 200-day simple moving average is $402.54. The firm has a market cap of $1.06 trillion, a price-to-earnings ratio of 44.26 and a beta of 1.91. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13.

Micron Technology (NASDAQ:MU – Get Free Report) last posted its quarterly earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.19 by $3.01. The business had revenue of $23.86 billion for the quarter, compared to analyst estimates of $19.97 billion. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The firm’s revenue for the quarter was up 196 on a year-over-year basis. During the same quarter last year, the business posted $1.56 EPS. On average, equities research analysts expect that Micron Technology will post 57.82 EPS for the current year.

Insider Activity

In related news, EVP April S. Arnzen sold 40,000 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $347.39, for a total value of $13,895,600.00. Following the transaction, the executive vice president owned 125,737 shares in the company, valued at $43,679,776.43. The trade was a 24.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $536.26, for a total value of $21,450,400.00. Following the completion of the sale, the chief executive officer owned 424,503 shares of the company’s stock, valued at approximately $227,643,978.78. The trade was a 8.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 106,000 shares of company stock worth $47,032,460 in the last three months. Corporate insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Micron Technology

Several hedge funds and other institutional investors have recently made changes to their positions in the business. REAP Financial Group LLC bought a new stake in Micron Technology in the 3rd quarter worth about $25,000. High Note Wealth LLC grew its position in shares of Micron Technology by 65.4% during the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 34 shares during the period. Elevation Wealth Partners LLC grew its position in shares of Micron Technology by 295.8% during the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 71 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new position in Micron Technology in the 1st quarter valued at approximately $27,000. Finally, Steigerwald Gordon & Koch Inc. grew its stake in Micron Technology by 4,800.0% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock valued at $28,000 after buying an additional 96 shares in the last quarter. 80.84% of the stock is owned by institutional investors.

More Micron Technology News

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

Positive Sentiment: UBS significantly raised its price target on Micron, reinforcing a bullish Street view on AI-driven memory demand and higher long-term earnings. Micron’s Rally Looks Wild — But Analysts Say The Numbers Still Make Sense
Positive Sentiment: Micron’s trillion-dollar valuation milestone is drawing momentum buying and signaling that investors see it as a core AI infrastructure beneficiary. Micron joins $1 trillion club as AI race powers memory chip boom
Positive Sentiment: Strong earnings and guidance, including a major revenue and EPS beat, support the view that the rally is backed by fundamentals. Micron’s AI Bottleneck Trade Just Started
Neutral Sentiment: Micron announced its fiscal third-quarter earnings date for June 24, keeping upcoming results in focus for traders. Micron Technology to Report Fiscal Third Quarter Results on June 24, 2026
Negative Sentiment: Some commentary warns the stock may be getting extended after its massive run and could be vulnerable if AI demand expectations cool. Micron Surge Shows AI Euphoria Is Entering New Stage—And That’s Dangerous

About Micron Technology

(Get Free Report)

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.