Rosenblatt Reiterates Buy Rating for Micron Technology, Sets $1200 Target
Rosenblatt maintains its buy rating on Micron Technology with a price target of $1200.
Key Points
- Rosenblatt reiterated its buy rating for Micron Technology on June 18, 2026, with a price target of $1200.
- 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.
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 Stock Snapshot
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.
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.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.