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Micron Technology, Inc. (NASDAQ: MU) Price Target and Analyst Ratings Update
Financial Modeling Prep· 2026-03-02 17:18
Core Viewpoint - Micron Technology, Inc. is a leading player in the semiconductor industry, specializing in memory and storage solutions, particularly DRAM and NAND flash memory products, competing with major companies like Samsung and SK Hynix [1] Analyst Ratings and Price Targets - Brian Chin from Stifel Nicolaus has set a price target of $550 for Micron, indicating a potential increase of 33.38% from its current price of $412.37, which aligns with the consensus "Buy" rating from thirty-eight research firms [2][6] - Among the thirty-eight research firms, there are three "hold" ratings, twenty-nine "buy" ratings, and six "strong buy" ratings, with an average twelve-month price target of approximately $358, reflecting varied expectations among analysts [3] - Royal Bank of Canada has initiated coverage on Micron with an "outperform" rating and a price target of $425, while HSBC has raised its price target from $350 to $500, maintaining a "buy" rating [4] Current Stock Performance - Micron's current stock price is $412.37, reflecting a decrease of $3.19 or -0.77%, with a trading range today between $401.20 and $417.91; over the past year, the stock reached a high of $455.50 and a low of $61.54 [5] - The company's market capitalization is approximately $464.13 billion, with a trading volume of 22,246,699 shares on the NASDAQ exchange [5]