Wells Fargo Rates Micron Technology (MU) buy, $1,525 Price Target
Wells Fargo has reiterated its buy rating for Micron Technology with a price target of $1,525, a 34.68% upside from the current price.
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Wells Fargo rated Micron Technology, Inc. ($MU) "buy" with a $1,525 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.
Key Points
- Wells Fargo reiterated its buy rating on Micron Technology, setting a price target of $1,525 as of June 25, 2026.
- Wells Fargo's $1,525 price target implies 34.68% upside from Micron Technology, Inc.'s ($MU) current $1,132.33 share price.
- Micron's shares closed at $1,132.33 on the same day, which is significantly below the new target price.
- Analysts have a strong buy consensus on Micron, with a mean price target of $1,560.57 from 46 analysts.
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Analysts Set New Price Targets
Wells Fargo has reiterated its buy rating on Micron Technology, Inc. (MU) with a price target of $1,525 as of June 25, 2026. This action suggests that the firm remains optimistic about Micron's future performance in the semiconductor sector.
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Current Stock Position
Micron's shares closed at $1,132.33 on June 25, 2026, which is significantly below Wells Fargo's new target. This gap indicates there could be considerable upside potential for investors if the stock approaches the target price. With a market capitalization of approximately $1.05 trillion, Micron operates in a competitive industry, providing essential memory and storage products.
$MU price target
Micron Technology, Inc. daily closes and this analyst's $1,525 target. Not advice.
Analysts Set New Price Targets
The consensus among analysts is strong for Micron. The average price target from 46 analysts is about $1,560.57. Notable firms like Rosenblatt and DA Davidson maintain their buy ratings, with targets of $1,900 and $3,000 respectively. Mizuho has an outperform rating with a target of $1,400, while Morgan Stanley reiterates an overweight rating with a target of $1,200. This broad support underscores positive sentiment toward Micron's growth potential.
Recent Activity in the Sector
In recent weeks, various funds have made moves regarding their positions in Micron. For instance, B. Riley Wealth Advisors increased its holdings by 58.6%, adding 6,843 shares. Meanwhile, Montrusco Bolton trimmed its position by 10.7%, now holding 182,304 shares. Such activities reflect varying confidence levels among institutional investors in Micron's future.
What Micron Technology, Inc. Does
Micron Technology, Inc. is a leading provider of semiconductor memory and storage products. The company serves multiple markets, including cloud computing, mobile devices, and automotive applications. Its diverse product range includes dynamic random access memory (DRAM) and NAND products, which are crucial for modern technology.
What's Ahead for Micron Technology, Inc.
Micron's next earnings report is scheduled for December 23, 2026. Investors will be eager to see how the company performs in the upcoming quarter, especially in light of the optimistic analyst ratings. Remember, the 13F filings reflect past positions and may not represent current holdings. Keep an eye on further developments as they unfold.
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Source: Wells Fargo's rating change on $MU (Jun 25, 2026). Written by software, not financial advice. How we make alerts