RBC Capital Rates Micron Technology (MU) buy, $1,500 Price Target

RBC Capital continues to see potential in Micron Technology, setting a $1,500 price target, a 32.47% upside from the current price.

By EarningsIQ Research Desk · Published Jun 25, 2026, 12:01 PM EDT · Updated Jun 29, 2026, 1:01 PM EDT

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RBC Capital 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

RBC Capital reiterated its buy rating on Micron Technology, Inc. (NasdaqGS:MU) with a price target of $1,500 on June 25, 2026.
RBC Capital's $1,500 price target implies 32.47% upside from Micron Technology, Inc.'s ($MU) current $1,132.33 share price.
Micron Technology shares traded at $1,048.51 on Thursday, with a market cap of $1.47 trillion and a P/E ratio of 57.1.
Insider activity included planned sales by CEO Sanjay Mehrotra and a recent buy by Alexis Bjorlin in June 2026.

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RBC Capital has reiterated its buy rating on Micron Technology, Inc. (NasdaqGS:MU) with a price target of $1,500. This update came on June 25, 2026, as part of their ongoing analysis of the semiconductor company.

Analyst rating track record

RBC Capital vs. the S&P 500

YTD return +5.59% hypothetical

All-time return +9.32% S&P 500 +28.91%

vs. S&P 500 -19.59% behind the index

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

Micron Technology, Inc. Stock Up 23.9%

Shares of NasdaqGS:MU traded near $1,048.51 on Thursday. Micron Technology boasts a market cap of approximately $1.47 trillion, with a P/E ratio of 57.1 and a forward P/E of 10.0. The stock's 52-week range has seen lows of $103.38 and highs of $1,213.56. It has a 50-day moving average of $732.80 and a 200-day moving average of $400.75. The company's beta is 2.173, indicating its stock is more volatile compared to the market.

12-month forecast

$MU price target

Micron Technology, Inc. daily closes and this analyst's $1,500 target. Not advice.

Recent Earnings

Micron Technology reported revenue of $58.1 billion, showing a growth of 1.96%. The company's net margin stands at 41.5%, and its return on equity is 39.8%. Earnings per share were $21.21. The next earnings report is anticipated on June 24, 2026.

Dividend

The company offers an annual dividend rate of $0.60, with a yield of 0.05% and a payout ratio of 2.17%. The ex-dividend date was not specified.

Insider Buying and Selling at Micron Technology, Inc.

There has been notable insider activity at Micron Technology. On June 9, 2026, Alexis Bjorlin acquired 63 shares. Meanwhile, CEO Sanjay Mehrotra executed planned sales of 40,000 shares on both May 29 and May 1, 2026. Other insiders, including Michael Charles Ray and Scott Allen, also conducted sales during this period.

Analysts Set New Price Targets

On June 25, 2026, several analysts maintained their buy ratings for Micron Technology. DA Davidson set a target of $2,000, Wells Fargo at $1,525, and TD Cowen at $1,600. RBC Capital set their target at $1,500, while Susquehanna matched DA Davidson's target of $2,000.

About Micron Technology

Micron Technology, Inc., headquartered in Boise, Idaho, designs and manufactures memory and storage products. These include DRAM, NAND flash memory, and SSDs, which are used in various sectors such as data centers, mobile devices, and automotive industries. Led by CEO Sanjay Mehrotra, the company employs around 53,000 people worldwide.

Bottom Line

RBC Capital's reiterated buy rating with a $1,500 target underscores continued confidence in Micron Technology's growth potential. Investors may find such analyst insights useful, though it's important to remember these ratings are based on past performance and future projections. Micron's financial health, demonstrated by its significant market cap and earnings growth, continues to attract analyst attention.