B of A Securities Rates Micron Technology (MU) buy

B of A Securities has reiterated its buy rating on Micron Technology, Inc. (MU) with a price target of $1,550. The current share price is $1,132.33 as of June 25, 2026. This move reflects the firm's confidence in Micron's growth potential in the semiconductor sector.

B of A Securities' Call on Micron Technology

On June 25, 2026, analyst Vivek Arya maintained the buy rating for Micron, keeping the price target at $1,550. This target suggests a notable upside from the current trading level, indicating that B of A sees significant value in Micron's operations.

Other Institutional Activity in Micron Technology

Several other institutional investors have recently adjusted their stakes in Micron. Blackrock Inc. grew its holdings by 1,681,279 shares, ending with 104,827,219 shares valued at approximately $93.4 billion. Vanguard Capital Management LLC added 519,296 shares for a total of 73,659,544 shares worth about $65.7 billion. Conversely, State Street Corporation reduced its position by 2,162,676 shares, now holding 50,075,870 shares valued at around $44.6 billion. Invesco Ltd. increased its stake with 631,600 additional shares for a total of 36,315,240 shares valued at approximately $32.4 billion. Meanwhile, Capital World Investors cut its holdings significantly by 12,581,790 shares, now owning 29,469,646 shares worth about $26.3 billion.

Micron Technology, Inc. Stock Up 23.9%

Micron shares are trading at $1,132.33, which is down from the previous close of $914.13. The stock's performance has been volatile, with a 52-week high of $1,255.00 and a low of $192.40, showing the swings typical in the semiconductor industry. This context is important as B of A's price target suggests strong confidence in a recovery or growth in Micron's business performance.

Recent Earnings

In its latest earnings report, Micron generated revenues of approximately $133.2 billion, marking a growth rate of 3.79%. The company reported an EPS of $74.33 and a net margin of 63.8%. The next earnings date is set for December 23, 2026, which could provide further insights into its performance following this analyst rating.

Analysts Set New Price Targets

The analyst consensus for Micron shows strong support for the stock. On October 1, 2026, Morgan Stanley reiterated an overweight rating with a price target of $1,200. Meanwhile, TD Cowen also reaffirmed its buy rating with a target of $1,600. Rosenblatt maintained a buy rating with a $1,900 target on October 13, 2026. Overall, the mean price target among analysts is $1,560.57, reflecting optimistic expectations for the company.

About Micron Technology

Micron Technology, Inc. specializes in semiconductor memory and storage products. The company operates globally, serving key markets across various regions including the U.S., Taiwan, and Europe. The semiconductor sector is experiencing rapid changes, and Micron's positioning could play a crucial role in its market share and growth trajectory as reflected in the recent analyst ratings.

Bottom Line

Investors should keep an eye on Micron's next earnings report on December 23, 2026, as it may impact future ratings and price targets. This reiteration from B of A Securities highlights the firm's confidence, but remember that this 13F filing reflects past holdings and may not represent current positions.