Raymond James Rates Micron Technology (MU) buy

Raymond James has reaffirmed its buy rating for Micron Technology with a price target of $1,500, as the stock trades at $1,145.28, a 30.97% upside from the current price.

By EarningsIQ Research Desk · Published Jun 25, 2026, 2:01 PM EDT · Updated Jun 30, 2026, 6:01 AM EDT

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

Raymond James rated Micron Technology, Inc. ($MU) "buy" with a $1,500 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

On June 25, 2026, Raymond James reiterated its buy rating on Micron Technology, Inc. (MU), setting a price target of $1,500 while the stock was priced at $1,145.28.
Raymond James's $1,500 price target implies 30.97% upside from Micron Technology, Inc.'s ($MU) current $1,145.28 share price.
Micron's stock has fluctuated between a 52-week low of $192.40 and a high of $1,255.00, indicating significant volatility in the semiconductor market.
Analysts are generally bullish on Micron, with a consensus recommendation of strong buy and an average price target of $1,560.57 from 46 analysts.

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

Strong Buy Rating from Raymond James

On June 25, 2026, Raymond James reiterated its buy rating on Micron Technology, Inc. (MU) and set a price target of $1,500. At the time, the stock was trading at $1,145.28. This suggests a potential upside for investors if the stock moves closer to that target.

Analyst rating track record

Raymond James vs. the S&P 500

YTD return +66.88% hypothetical

All-time return +27.56% S&P 500 +47.92%

vs. S&P 500 -20.36% behind the index

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

Analysts Set New Price Targets

Micron's stock has seen considerable price movement, fluctuating between a 52-week low of $192.40 and a high of $1,255.00. The semiconductor industry is known for its volatility, and Micron is no exception. The company has a market capitalization of about $1.05 trillion and a P/E ratio of 12.53, which may indicate reasonable valuation compared to its earnings potential. Currently, the consensus among analysts is a strong buy, with an average price target of $1,560.57 from 46 analysts, reflecting confidence in the company's future performance.

Recent Analyst Ratings

In addition to Raymond James, several other firms have maintained positive ratings on Micron. On October 13, 2026, Rosenblatt maintained a buy rating with a target of $1,900. DA Davidson also kept its buy rating while raising its target to $3,000 on October 7, 2026. Mizuho maintained an outperform rating with a target of $1,400, and Morgan Stanley reiterated its overweight rating with a $1,200 target on October 1, 2026. TD Cowen and RBC Capital have also reiterated their buy and outperform ratings, respectively, indicating strong support from multiple analysts in the market.

What Micron Technology, Inc. Does

Micron Technology, Inc. designs and manufactures semiconductor memory and storage products. The company operates in various segments, including cloud memory, mobile, and automotive. With a workforce of about 61,000 employees, Micron plays a crucial role in the global semiconductor market, which is essential for many technology sectors.

What to Watch at Micron Technology, Inc.

Investors should keep an eye on Micron's next earnings report scheduled for December 23, 2026. As always, remember that the recent ratings and targets reflect analysts' views as of now and may not represent future changes in the company's position or market conditions.

12-month forecast