Stifel Reiterates Buy Rating on Micron Technology, Target Set at $1,500
Stifel maintains a bullish outlook on Micron Technology with a $1,500 price target.
Key Points
- Stifel reiterated its buy rating on Micron Technology, setting a price target of $1,500 as of June 18, 2026.
- Micron Technology, trading near $1,127.89, has a market cap of $1.18 trillion and a forward P/E of 9.10.
- Major funds like BlackRock and Vanguard hold significant stakes, while insiders like CEO Sanjay Mehrotra have made planned sales.
On June 18, 2026, Stifel reiterated its buy rating on Micron Technology, Inc. (NasdaqGS: MU), setting a price target of $1,500. This comes as shares of Micron trade near $1,127.89, reflecting investor optimism about the company's prospects.
Other Institutional Activity in Micron Technology
BlackRock, Inc. grew its holdings by 2,446,043 shares, ending with 103,147,586 shares valued at approximately $34.85 billion. Vanguard Capital Management LLC held steady with 73,137,283 shares worth about $24.71 billion. Meanwhile, State Street Corp reduced its position by 510,334 shares, now holding 52,239,483 shares valued at $17.66 billion. Capital World Investors significantly cut its stake by 16,194,733 shares, finishing with 42,054,392 shares worth $14.21 billion.
Micron Technology Stock Snapshot
Shares of NasdaqGS:MU traded near $1,127.89. Micron Technology boasts a market cap of $1.18 trillion, a P/E ratio of 49.14, and a forward P/E of 9.10. The stock has a 52-week low of $103.38 and a high of $1,110.40. It shows a 50-day moving average of $718.25 and a 200-day moving average of $395.67. The company maintains a current ratio of 2.90 and a quick ratio of 2.23, with a debt-to-equity ratio of 14.90.
Recent Earnings
Micron Technology reported revenue of $58.12 billion, with a modest growth rate of 1.96%. It achieved an EPS of $21.23, a net margin of 41.49%, and a return on equity of 39.82%. The company is set to announce its next earnings on June 24, 2026.
Insider Buying and Selling at Micron Technology, Inc.
Insider activity includes CEO Sanjay Mehrotra selling 40,000 shares at an average price of $961.35 on May 29, 2026, under a planned sale. Additionally, Mehrotra sold another 40,000 shares at $536.26 on May 1, 2026, also planned. Other sales include Michael Charles Ray, SVP and Chief Legal Officer, selling 7,601 shares at $534.30 on May 1, 2026.
Analysts Set New Price Targets
On June 18, 2026, Stifel maintained its buy rating with a $1,500 price target. Wedbush also reiterated a buy rating, setting the target at $1,300. Citigroup maintained its buy rating with a $1,200 target on June 17, 2026. Deutsche Bank reiterated its buy rating, matching Stifel's $1,500 target.
About Micron Technology
Micron Technology, Inc., headquartered in Boise, Idaho, is a leading player in the semiconductor industry. The company designs and manufactures memory and storage products, serving a wide range of markets including data centers, PCs, mobile devices, and automotive industries. Under the leadership of CEO Sanjay Mehrotra, Micron employs approximately 53,000 people globally.
Bottom Line
Stifel's reiteration of a buy rating with a $1,500 target underscores confidence in Micron Technology's future prospects. Investors closely monitor these updates, although 13F filings and analyst ratings are backward-looking and may not reflect current positions or opinions. Micron's strong market presence and broad product offerings make it a key player in the semiconductor space.
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.