KeyCorp Forecasts Strong Price Appreciation for Micron Technology (NASDAQ:MU) Stock

Micron Technology (NASDAQ:MU) had its price objective upped by KeyCorp from $325.00 to $450.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the semiconductor manufacturer’s stock. KeyCorp’s target price points to a potential upside of 34.99% from the stock’s current price.

Several other equities analysts have also weighed in on MU. BNP Paribas Exane upgraded Micron Technology from an “underperform” rating to an “outperform” rating and set a $270.00 target price on the stock in a report on Monday, October 13th. JPMorgan Chase & Co. increased their price objective on Micron Technology from $220.00 to $350.00 and gave the company an “overweight” rating in a report on Thursday, December 18th. Raymond James Financial raised their price objective on Micron Technology from $190.00 to $310.00 and gave the company an “outperform” rating in a research note on Thursday, December 18th. Citigroup boosted their target price on Micron Technology from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, December 18th. Finally, The Goldman Sachs Group upped their target price on Micron Technology from $205.00 to $235.00 and gave the stock a “neutral” rating in a research report on Thursday, December 18th. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $305.79.

Micron Technology Price Performance

NASDAQ MU opened at $333.35 on Tuesday. The company has a quick ratio of 1.78, a current ratio of 2.46 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $375.19 billion, a PE ratio of 31.69, a price-to-earnings-growth ratio of 0.21 and a beta of 1.50. Micron Technology has a 12-month low of $61.54 and a 12-month high of $351.23. The company has a 50 day moving average price of $263.43 and a two-hundred day moving average price of $189.11.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 EPS for the quarter, topping the consensus estimate of $3.77 by $1.01. The company had revenue of $13.64 billion for the quarter, compared to analyst estimates of $12.62 billion. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. Micron Technology’s quarterly revenue was up 56.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.79 EPS. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. As a group, equities analysts predict that Micron Technology will post 6.08 earnings per share for the current fiscal year.

Insider Activity at Micron Technology

In other Micron Technology news, CAO Scott R. Allen sold 8,800 shares of the business’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $210.02, for a total value of $1,848,176.00. Following the sale, the chief accounting officer owned 40,237 shares in the company, valued at approximately $8,450,574.74. The trade was a 17.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Scott J. Deboer sold 82,000 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $222.81, for a total value of $18,270,420.00. Following the transaction, the executive vice president directly owned 154,145 shares of the company’s stock, valued at approximately $34,345,047.45. This trade represents a 34.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 318,800 shares of company stock valued at $72,333,387 over the last ninety days. Company insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Sunflower Bank N.A. raised its stake in shares of Micron Technology by 2.1% during the 4th quarter. Sunflower Bank N.A. now owns 1,668 shares of the semiconductor manufacturer’s stock worth $476,000 after purchasing an additional 34 shares in the last quarter. Rialto Wealth Management LLC increased its holdings in Micron Technology by 3.5% during the fourth quarter. Rialto Wealth Management LLC now owns 1,061 shares of the semiconductor manufacturer’s stock worth $303,000 after buying an additional 36 shares during the last quarter. Montecito Bank & Trust raised its position in Micron Technology by 0.7% during the fourth quarter. Montecito Bank & Trust now owns 5,487 shares of the semiconductor manufacturer’s stock worth $1,566,000 after acquiring an additional 40 shares in the last quarter. Leonard Rickey Investment Advisors P.L.L.C. raised its position in Micron Technology by 0.3% during the fourth quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 13,831 shares of the semiconductor manufacturer’s stock worth $3,947,000 after acquiring an additional 43 shares in the last quarter. Finally, Regent Peak Wealth Advisors LLC lifted its stake in Micron Technology by 1.8% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 2,552 shares of the semiconductor manufacturer’s stock valued at $728,000 after acquiring an additional 45 shares during the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

More Micron Technology News

Here are the key news stories impacting Micron Technology this week:

• Positive Sentiment: Micron is accelerating HBM capacity (Singapore packaging, Boise, Japan, Clay NY megafab longer term) and is essentially sold out through 2026 — tight HBM supply and pricing power underpin upside to 2026–27 revenue and margins. Micron: Accelerating HBM Ramp Extends Growth Into 2027
• Positive Sentiment: Multiple brokerages have lifted price targets and ratings (Cantor Fitzgerald, KeyCorp, BofA among others), supporting sentiment that MU can still climb toward $400–$450 targets. Analyst price target raises (Benzinga)
• Positive Sentiment: MU is showing up on top growth/strong‑buy lists (Zacks Rank #1 and Zacks growth picks), reinforcing momentum flows from retail and quant strategies. Best Growth Stocks to Buy for Jan. 14
• Neutral Sentiment: Feature pieces highlight MU as a momentum/strong‑fundamentals stock — useful context for longer‑term bulls but less likely to trigger immediate price moves. Micron: A Momentum Stock With Strong Fundamentals
• Neutral Sentiment: Analysts are actively re‑running valuation models and updating forecasts — consensus targets have risen sharply, but longer‑term estimates still vary, leaving room for revisions. Micron Technology (MU) Analysts Adjust Valuation Forecasts
• Negative Sentiment: Calls for profit‑taking and trimming after a rapid rerating are circulating; some investors/analysts warn the stock is vulnerable to short‑term pullbacks as positions are rotated. Why I’m Taking Profits After A Rapid Rerating (Rating Downgrade)
• Negative Sentiment: Industry risks: analysts flag potential oversupply, margin peaks, and Samsung/SK Hynix technology/capex moves that could pressure prices if capacity growth accelerates. Micron: Three Significant Risks That Could Be Crucial In The Long Term
• Negative Sentiment: SK Hynix announced a large new memory‑chip plant, which raises competitive and future supply concerns for the HBM market. SK Hynix Plans $13 Billion Memory‑Chip Plant

Micron Technology Company Profile

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.