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

Rosenblatt maintains its buy rating on Micron Technology with a price target of $1200, a 14.14% upside from the current price.

By EarningsIQ Research Desk · Published Jun 18, 2026, 12:01 PM EDT · Updated Jun 24, 2026, 3:01 PM EDT

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

Rosenblatt rated Micron Technology, Inc. ($MU) "buy" with a $1,200 price target on June 18, 2026.

Since the rating, $MU is up 7.0% after 1 week, down 23.7% after 1 month and down 22.5% to date (from the $1,133.64 close on Jun 18, 2026).

MU Micron Technology, Inc.

$878.84 +178.83% year to date

Daily close · Oct 16, 2026

Key Points

Rosenblatt reiterated its buy rating for Micron Technology on June 18, 2026, with a price target of $1200.
Rosenblatt's $1,200 price target implies 14.14% upside from Micron Technology, Inc.'s ($MU) current $1,051.38 share price.
Micron Technology shares are trading at $1122.49, with a market cap of approximately $1.18 trillion and a forward P/E of 9.10.
Major funds like BlackRock and Vanguard have adjusted their holdings in Micron, indicating continued interest from institutional investors.

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 18, 2026, Rosenblatt reiterated its buy rating on Micron Technology, Inc. (NasdaqGS: MU). The firm set a price target of $1200, signaling confidence in the company's future performance. Micron's stock is currently trading at $1122.49.

Analysts Set New Price Targets

Rosenblatt's analyst, Kevin Cassidy, maintained a buy rating for Micron Technology. Other firms also weighed in, with Stifel and Wedbush maintaining their buy ratings and setting price targets at $1500 and $1300, respectively, on the same day. Citigroup and Deutsche Bank reiterated their buy ratings on June 17, 2026, with targets of $1200 and $1500.

Other Institutional Activity in Micron Technology

Several major funds have been active in Micron Technology. BlackRock, Inc. increased its holdings by 2,446,043 shares, bringing its total to 103,147,586 shares valued at approximately $34.85 billion. Vanguard Capital Management LLC introduced a new position with 73,137,283 shares worth about $24.71 billion. Conversely, State Street Corp reduced its stake by 510,334 shares, holding 52,239,483 shares valued at $17.66 billion.

Micron Technology, Inc. Stock Up 15.0%

Shares of Micron Technology are trading near $1122.49. The company has a market cap of about $1.18 trillion, with a P/E ratio of 49.14 and a forward P/E of 9.10. Micron's 52-week range spans from $103.38 to $1110.40. The stock's 50-day moving average stands at $718.25, while the 200-day moving average is $395.67. Micron has a beta of 2.173, indicating higher volatility compared to the broader market.

12-month forecast

$MU price target

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

Recent Earnings

Micron Technology reported revenue of approximately $58.12 billion, with a revenue growth rate of 1.96%. The company achieved a net margin of 41.49% and a return on equity of 39.82%. Its next earnings report is scheduled for June 24, 2026.

Insider Buying and Selling at Micron Technology, Inc.

Recent insider transactions at Micron Technology include CEO Sanjay Mehrotra's planned sale of 40,000 shares on May 29, 2026, at an average price of $961.35, and another 40,000 shares on May 1, 2026, at $536.26. Additionally, SVP and Chief Legal Officer Michael Charles Ray sold 7,601 shares on May 1, 2026, under a planned transaction.

About Micron Technology

Micron Technology, Inc. is a leading player in the semiconductor industry, designing and manufacturing memory and storage products. Based in Boise, Idaho, the company operates globally, serving sectors like data centers, mobile devices, and automotive. Led by CEO Sanjay Mehrotra, Micron employs around 53,000 people and markets products under the Micron and Crucial brands.

Bottom Line

Rosenblatt's continued buy rating and $1200 target for Micron Technology reflect optimism about the company's outlook. Institutional activity suggests significant interest in Micron's growth potential. As always, 13F filings and analyst ratings are backward-looking and do not necessarily reflect current positions or opinions.