Citigroup Rates Micron Technology (MU) buy, $1,200 Price Target

Citigroup maintains its buy rating on Micron Technology with a target price of $1,200, a 14.14% upside from the current price.

By EarningsIQ Research Desk · Published Jun 17, 2026, 3:00 PM EDT · Updated Jun 24, 2026, 9:01 AM EDT

Reviewed by automated data checks against the source data. How we make and check alerts

Citigroup rated Micron Technology, Inc. ($MU) "buy" with a $1,200 price target on June 17, 2026.

Since the rating, $MU is up 0.5% after 1 week, down 18.6% after 1 month and down 15.7% to date (from the $1,042.87 close on Jun 17, 2026).

MU Micron Technology, Inc.

$878.84 +178.83% year to date

Daily close · Oct 16, 2026

Key Points

Citigroup reiterated its buy rating on Micron Technology, Inc. (NasdaqGS: MU) with a target price of $1,200 on June 17, 2026.
Citigroup's $1,200 price target implies 14.14% upside from Micron Technology, Inc.'s ($MU) current $1,051.38 share price.
Shares of Micron Technology traded at $1,032.81 with a market cap of $1.15 trillion and a forward P/E ratio of 8.91.
Other analysts like Deutsche Bank and TD Cowen also maintained buy ratings, with price targets reaching up to $1,500.

Get $MU trade alerts by text

We text you when insiders, Congress or big funds trade $MU. Free.

Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Micron Technology, Inc. alert may contain errors. Disclosures

On June 17, 2026, Citigroup reiterated its buy rating for Micron Technology, Inc. (NasdaqGS: MU), setting a target price of $1,200. This move reflects Citigroup's continued confidence in the semiconductor giant, which is currently trading at $1,032.81 per share.

Micron Technology, Inc. Stock Up 15.0%

Shares of Micron Technology are trading on the NasdaqGS at around $1,032.81. The company boasts a market capitalization of approximately $1.15 trillion. Micron's forward P/E ratio is 8.91, suggesting some growth expectations baked into its price. The stock has seen a 52-week range between $103.38 and $1,110.40. With a beta of 2.173, the stock is more volatile than the broader market. The company's 50-day moving average is $704.94, while the 200-day moving average stands at $391.05.

12-month forecast

$MU price target

Micron Technology, Inc. daily closes and this analyst's $1,200 target. Not advice.

Recent Earnings

Micron Technology recently reported revenue of $58.12 billion, with a revenue growth rate of 1.96%. The company posted an EPS of $21.23, reflecting a healthy net margin of 41.49%. Return on equity was strong at 39.82%. The next earnings report is scheduled for June 24, 2026.

Dividend

Micron offers an annual dividend rate of $0.60, resulting in a dividend yield of 0.06%. The payout ratio is a modest 2.17%, indicating a conservative approach to dividend distribution.

Insider Buying and Selling at Micron Technology, Inc.

Insider activity at Micron Technology includes a planned sale by CEO Sanjay Mehrotra, who sold 40,000 shares at an average price of $961.35 on May 29, 2026. Additionally, on June 9, 2026, Alexis Bjorlin acquired 63 shares, adding to the insider activity.

Analysts Set New Price Targets

Analysts have been active in setting price targets for Micron Technology. On June 17, 2026, Deutsche Bank maintained its buy rating with a target of $1,500, echoing TD Cowen's sentiment from June 15, 2026. RBC Capital also maintained its buy rating with a $1,200 target on June 15, 2026. The consensus recommendation for Micron is a strong buy, with an average target price of $866.60 across 40 analyst opinions.

About Micron Technology

Micron Technology, Inc. is a leader in the semiconductor industry, designing and manufacturing memory and storage products. Headquartered in Boise, Idaho, the company serves a wide range of markets, including data centers, PCs, and mobile devices. Under the leadership of CEO Sanjay Mehrotra, Micron employs around 53,000 people globally. Its diverse product lineup includes DRAM, NAND, and SSD technologies, marketed under the Micron and Crucial brands.

Bottom Line

Citigroup's reaffirmation of its buy rating on Micron Technology underscores confidence in the company's potential. Investors often track such analyst ratings to gauge market sentiment. However, it's important to remember that these ratings reflect the analysts' perspectives and are not investment advice. As always, 13F filings and analyst ratings are backward-looking and may not represent the latest market conditions.