Wolfe Research Rates Micron Technology (MU) buy

Wolfe Research has reaffirmed its buy rating for Micron Technology, setting a price target of $1,250, a 21.03% upside from the current price.

By EarningsIQ Research Desk · Published Jun 12, 2026, 9:12 PM EDT · Updated Jun 17, 2026, 10:01 AM EDT

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Wolfe Research rated Micron Technology, Inc. ($MU) "buy" with a $1,250 price target on June 11, 2026.

Since the rating, $MU is up 13.9% after 1 week, down 5.9% after 1 month and down 11.7% to date (from the $995.56 close on Jun 11, 2026).

MU Micron Technology, Inc.

$878.84 +178.83% year to date

Daily close · Oct 16, 2026

Key Points

Wolfe Research reiterated its buy rating on Micron Technology, Inc. with a price target of $1,250 on June 11, 2026.
Wolfe Research's $1,250 price target implies 21.03% upside from Micron Technology, Inc.'s ($MU) current $1,032.81 share price.
Micron stock closed at $1,032.81 the day of the rating, leaving a significant gap to the target price.
Analysts continue to express confidence in Micron, with a consensus recommendation of strong buy and a mean price target of $1,560.57.

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Wolfe Research's Buy Rating

Wolfe Research has reaffirmed its buy rating on Micron Technology, Inc. (NasdaqGS: MU), setting a price target of $1,250. This action took place on June 11, 2026, when the stock was trading at $1,032.81. The renewed endorsement indicates Wolfe Research's positive outlook for the semiconductor company's future performance.

Analysts Set New Price Targets

Earlier this month, several analysts maintained their ratings on Micron. On October 13, 2026, Rosenblatt kept a buy rating with a target of $1,900. DA Davidson also maintained a buy rating with a significantly raised target of $3,000. Other firms like Mizuho and Morgan Stanley reiterated their positive ratings as well, showcasing a strong consensus around Micron's potential.

Stock Performance Context

At $1,032.81, Micron's shares are trading well below its 52-week high of $1,255. This low point relative to the target price set by Wolfe Research underscores potential upside for investors. The stock also trades above its 50-day moving average of around $983.17, which could indicate positive momentum based on recent trading activity.

12-month forecast

$MU price target

Micron Technology, Inc. daily closes and this analyst's $1,250 target. Not advice.

Recent Earnings

Micron reported significant revenue of approximately $133.2 billion for the latest quarter, showing a revenue growth of 3.79%. The company achieved an EPS of $74.33, highlighting strong profitability and a net margin of 63.8%. Investors will be watching closely as the company prepares to announce its next earnings report on December 23, 2026.

Insider Buying and Selling at Micron Technology, Inc.

On October 14, 2026, Ray Michael Charles, the Senior Vice President and Chief Legal Officer, sold 40 shares at an average price of $947.29. This transaction was part of a planned selling strategy and valued around $37,891.60. While insider sales can stir speculation, they are not necessarily indicative of the company’s performance outlook.

What Micron Technology, Inc. Does

Micron Technology, Inc. provides semiconductor memory and storage products, including dynamic random-access memory (DRAM) and NAND flash memory. Founded in 1978 and based in Boise, Idaho, the company serves clients globally across various sectors, including automotive and cloud computing.

What's Ahead for Micron Technology, Inc.

As Micron approaches its next earnings report on December 23, analysts will be keen to see how the company addresses current market challenges. Wolfe Research's reiterated buy rating reflects confidence in Micron’s ability to navigate these challenges effectively. Investors should keep in mind that the 13F filings reflect past holdings and might not represent current investment strategies.