Rosenblatt Rates Micron Technology (MU) Buy, $1,900 Price Target

Rosenblatt keeps its Buy rating on Micron Technology, citing strong business fundamentals, a 112.87% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 1:54 PM EDT

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Rosenblatt rated Micron Technology, Inc. ($MU) "Buy" with a $1,900 price target on October 13, 2026.

Since the rating, $MU is down 7.8% to date (from the $953.04 close on Oct 13, 2026).

MU Micron Technology, Inc.

$878.84 +178.83% year to date

Daily close · Oct 16, 2026

Key Points

On October 13, 2026, Rosenblatt reiterated its Buy rating on Micron Technology, Inc. with a price target of $1,900.
Rosenblatt's $1,900 price target implies 112.87% upside from Micron Technology, Inc.'s ($MU) current $892.58 share price.
Micron's shares recently traded at $892.58, which is about 53% below the analyst's target and 28.9% below its 52-week high.
The company reported trailing twelve-month revenue of $133.2 billion and a P/E ratio of 12.5.

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Rosenblatt reiterated its Buy rating on Micron Technology, Inc. (MU) on October 13, 2026, maintaining a price target of $1,900. The firm believes the company's strong fundamentals support this rating, despite current market conditions.

Other Institutional Activity in Micron Technology

Blackrock Inc. holds 104,827,219 shares of Micron, increasing its position by 1,681,279 shares. Vanguard Capital Management LLC has 73,659,544 shares after adding 519,296 shares. State Street Corporation reduced its stake by 2,162,676 shares, leaving it with 50,075,870 shares. Invesco Ltd. increased its holdings by 631,600 shares, totaling 36,315,240 shares. Meanwhile, Capital World Investors cut its position by 12,581,790 shares, now holding 29,469,646 shares.

Micron Technology, Inc. Stock Down 2.4%

Micron's shares recently traded around $892.58, which is below its 50-day moving average of about $983.17, reflecting a decline of 9.2%. However, the stock is above its 52-week low of $192.40, showing a significant gain of 363.9% from that level. The average analyst price target of $1,560.57 is also well above the recent trading price, indicating potential upside.

12-month forecast

$MU price target

Micron Technology, Inc. daily closes and this analyst's $1,900 target. Not advice.

Recent Earnings

Micron reported trailing twelve-month revenue of $133.2 billion, reflecting a substantial year-over-year growth of 379.3%. The company achieved a net margin of 63.8% and a return on equity of 88.3%. Its next earnings report is scheduled for December 23, 2026.

Insider Buying and Selling at Micron Technology, Inc.

Several insiders have sold shares recently. CEO Sanjay Mehrotra sold 31,285 shares valued at about $28.99 million on July 24, 2026. He also sold an additional 8,715 shares the same day. Officer Sumit Sadana sold 15,000 shares at an average price of $934.29 on August 18, 2026, totaling approximately $14.01 million. On August 21, 2026, Mehrotra sold another 40,000 shares worth about $38.76 million.

Analysts Set New Price Targets

On October 1, 2026, Mizuho maintained an Outperform rating with a price target raised to $1,400 from $1,300. Morgan Stanley reiterated its Overweight rating with a $1,200 target, while TD Cowen kept its Buy rating at $1,600. DA Davidson raised its target significantly from $2,100 to $3,000. The consensus recommendation for Micron is a strong buy, with an average price target of $1,560.57 based on 46 analyst opinions.

About Micron Technology

Micron Technology, Inc. specializes in semiconductor memory and storage products. It operates across various sectors, including cloud computing and automotive applications. The company's performance is closely tied to demand in these industries, which is why analyst ratings are particularly focused on its growth potential.

Bottom Line

Investors should watch for Micron's next earnings report on December 23, 2026, for updates on its performance. As of now, Rosenblatt's Buy rating indicates confidence in the company's recovery potential despite current market challenges.