Deutsche Bank Reiterates Buy Rating on Micron Technology

Deutsche Bank reiterated its buy rating on Micron Technology, Inc. (NasdaqGS: MU) on June 17, 2026. Analyst Melissa Weathers set a price target of $1,500, suggesting confidence in the company's future performance. Shares of Micron traded around $1,032.81 at the time of the report.

Other Institutional Activity in Micron Technology

BlackRock, Inc. grew its holdings by 2,446,043 shares, ending with 103,147,586 shares valued at about $34.8 billion. Vanguard Capital Management LLC maintained its position with 73,137,283 shares worth approximately $24.7 billion. State Street Corp reduced its stake by 510,334 shares, now holding 52,239,483 shares valued at $17.7 billion. Capital World Investors cut its position by 16,194,733 shares, holding 42,054,392 shares worth $14.2 billion. FMR LLC also reduced its holdings by 7,541,773 shares, leaving it with 32,054,565 shares valued at $10.8 billion.

Micron Technology, Inc. Stock Up 8.7%

Shares of Micron Technology traded near $1,032.81. The company has a market cap of approximately $1.15 trillion, with a P/E ratio of 48.1 and a forward P/E of 8.9. Its beta is 2.173, indicating higher volatility compared to the market. The stock's 52-week range is between $103.38 and $1,110.40, with a 50-day moving average of $704.94 and a 200-day moving average of $391.05.

Recent Earnings

Micron Technology reported revenue of $58.1 billion, with a growth rate of 1.96%. The company's net margin stands at 41.5%, and its return on equity (ROE) is 39.8%. The next earnings report is expected on June 24, 2026.

Dividend

Micron Technology offers an annual dividend rate of $0.60, yielding 0.06%. The dividend payout ratio is a conservative 2.17%.

Insider Buying and Selling at Micron Technology, Inc.

On June 9, 2026, Alexis Bjorlin purchased 63 shares. President and CEO Sanjay Mehrotra sold 40,000 shares at $961.35 on May 29, 2026, under a planned sale. Steven Gomo sold 2,000 shares at $787.04 on May 11, 2026.

Analysts Set New Price Targets

On June 17, 2026, Deutsche Bank maintained its buy rating on Micron Technology with a $1,500 price target. TD Cowen and RBC Capital also maintained buy ratings with targets of $1,500 and $1,200 respectively. Goldman Sachs maintained a hold rating with a $900 target. The consensus among analysts is a strong buy, with an average target price of $866.60 based on 40 opinions.

About Micron Technology

Micron Technology, Inc. designs and manufactures memory and storage products. Based in Boise, Idaho, the company serves various markets including data centers, PCs, and mobile devices through its direct sales force and distribution partners. Micron was founded in 1978 and employs about 53,000 people under the leadership of CEO Sanjay Mehrotra.

Bottom Line

Deutsche Bank's reiterated buy rating and $1,500 price target reflect a positive outlook for Micron Technology. Investors keep a close watch on these ratings as they provide insight into the company's potential. However, it's essential to remember that these ratings are based on past performance and projections, not guaranteed outcomes.