Deutsche Bank Rates Micron Technology (MU) buy

Melissa Weathers maintains a bullish price target of $1,550 for the Idaho-based memory chip specialist, a 36.89% upside from the current price.

By EarningsIQ Research Desk · Published Jun 25, 2026, 1:03 PM EDT · Updated Jun 29, 2026, 1:01 PM EDT

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Deutsche Bank rated Micron Technology, Inc. ($MU) "buy" with a $1,550 price target on June 25, 2026.

Since the rating, $MU is down 19.6% after 1 week, down 25.8% after 1 month and down 27.6% to date (from the $1,213.18 close on Jun 25, 2026).

MU Micron Technology, Inc.

$878.84 +178.83% year to date

Daily close · Oct 16, 2026

Key Points

Deutsche Bank analyst Melissa Weathers reiterated a Buy rating for Micron Technology on June 25, 2026, setting a price target of $1,550 per share.
Deutsche Bank's $1,550 price target implies 36.89% upside from Micron Technology, Inc.'s ($MU) current $1,132.33 share price.
Micron's stock was trading at $1,132.33 on Thursday, which sits roughly halfway between its 52-week low of $192.40 and its yearly high of $1,255.00.
The broader analyst community remains highly optimistic on Micron with 46 opinions resulting in a Strong Buy consensus and an average price target of $1,560.57.

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On June 25, 2026, Deutsche Bank analyst Melissa Weathers reaffirmed a Buy rating on Micron Technology, Inc. (MU) with a price target of $1,550. This rating suggests the firm sees considerable room for the semiconductor company to grow from its current levels. The endorsement follows a period of intense focus on the memory chip industry as demand for high-bandwidth storage continues to shift.

Analyst rating track record

Deutsche Bank vs. the S&P 500

YTD return +23.58% hypothetical

All-time return +54.79% S&P 500 +36.94%

vs. S&P 500 +17.85% ahead of the index

Hypothetical returns from Deutsche Bank's disclosed trades, not real profit or advice. How we model this.

Wall Street Consensus on Micron

Other analysts have also weighed in on the stock recently with even more aggressive price targets. On October 13, 2026, Rosenblatt maintained its Buy rating with a $1,900 target. DA Davidson raised its price target significantly on October 7, 2026, moving it from $2,100 up to $3,000 while keeping a Buy rating. Earlier in October, Mizuho increased its target to $1,400 with an Outperform rating, and TD Cowen reiterated its Buy rating with a $1,600 target. Currently, 46 analysts follow the stock, and the consensus recommendation is a Strong Buy with an average price target of $1,560.57.

Micron Stock Performance

On Thursday, Micron shares were trading at $1,132.33. The stock has experienced a wide range of movement over the past year, trading as low as $192.40 and as high as $1,255.00. Investors often look at moving averages to gauge trends, and the stock is currently priced above its 50-day average of $983.17. With a price-to-earnings (P/E) ratio of 12.5, the company is valued at about 12 times its recent annual profits, while its forward P/E of 4.55 suggest analysts expect earnings to grow relative to the current share price.

12-month forecast

$MU price target

Micron Technology, Inc. daily closes and this analyst's $1,550 target. Not advice.

Recent Earnings

Micron reported revenue of $133.19 billion in its most recent reporting cycle, showing a revenue growth rate of 3.8%. The company’s financial health appears solid with a net margin of 63.8% and a return on equity of 88.3%. These numbers represent how much profit the company keeps for every dollar of sales and how efficiently it uses shareholder money. Investors are looking toward December 23, 2026, when the company is expected to release its next set of financial results.

Dividend

Micron pays a small dividend to its shareholders. The current annual dividend yield is 0.06%. The company has a payout ratio of 0.71%, which indicates it uses less than 1% of its earnings to cover dividend payments, choosing instead to reinvest the vast majority of its profits back into the business.

Insider Buying and Selling at Micron Technology, Inc.

Recent activity from company executives includes a sale by Ray Michael Charles, who serves as SVP and Chief Legal Officer. On October 14, 2026, he sold ,6288 shares at an average price of $929.64. The total transaction was valued at approximately $5.85 million. This sale was conducted under a Rule 10b5-1 trading plan, which is a pre-set schedule that allows insiders to sell shares at specific times to avoid any appearance of trading on private information.

About Micron Technology

Based in Boise, Idaho, Micron Technology specializes in memory and storage solutions that power everything from smartphones and personal computers to massive data centers and automotive systems. As one of the few global players in the DRAM and NAND memory markets, the company is a critical supplier for the infrastructure that supports artificial intelligence and cloud computing. This central role in the tech supply chain is a primary reason why analysts like those at Deutsche Bank watch the company so closely.

What to Watch

Moving forward, the primary catalysts for the stock will likely be the upcoming earnings report in late December and any shifts in global demand for memory chips. While the current analyst outlook is overwhelmingly positive, these ratings are backward-looking reflections of market conditions at the time of the report. Shareholders should continue to monitor the 50-day moving average to see if the current price momentum holds.