Micron Technology’s stock price target has been increased significantly by KeyCorp, rising from $215.00 to $325.00, according to a research report released on Thursday. This adjustment reflects growing confidence in the semiconductor manufacturer, with KeyCorp assigning an “overweight” rating to the stock. The new price target indicates a potential upside of 44.11% from Micron’s previous closing price.
This change in forecast comes as several other financial analysts have also expressed positive sentiments about Micron. On Monday, Rosenblatt Securities reiterated a “buy” rating, setting a target price of $300.00. Similarly, Stifel Nicolaus increased its price objective from $195.00 to $300.00, maintaining a “buy” rating in a report dated December 12. HSBC began covering Micron on December 9, establishing a “buy” rating and a target price of $330.00. Additionally, UBS Group reaffirmed its “buy” rating with a target of $295.00 on December 11, while BNP Paribas upgraded Micron from a “strong sell” rating to a “strong buy” on October 13.
As it stands, five analysts have rated Micron Technology with a “Strong Buy” designation, while thirty others have issued a “Buy” rating. Only two analysts have opted for a “Hold” rating. According to data from MarketBeat.com, the consensus rating for Micron is “Buy,” with an average price target of $266.71.
Financial Performance and Analyst Insights
Micron Technology recently released its quarterly earnings report on December 17, revealing a substantial performance. The company reported earnings of $4.78 per share, exceeding analysts’ expectations of $3.77 by $1.01. Total revenue for the quarter reached $13.64 billion, significantly higher than the consensus estimate of $12.62 billion. This marks a 56.7% year-over-year increase in revenue. The firm also reported a net margin of 22.84% and a return on equity of 17.21%. For the upcoming Q2 2026, Micron has projected earnings per share (EPS) guidance between 8.220 and 8.620.
In addition to the positive earnings report, insider trading activities have drawn attention. On October 27, Scott J. Deboer, Executive Vice President, sold 82,000 shares at an average price of $222.81, totaling approximately $18.27 million. This sale reduced his ownership stake by 34.72%, leaving him with 154,145 shares valued at around $34.35 million. Another insider, Scott R. Allen, Chief Accounting Officer, sold 8,800 shares for about $1.85 million, representing a 17.95% decrease in his holdings. Over the last 90 days, insiders have sold a total of 383,650 shares worth approximately $81.6 million. Currently, company insiders possess 0.24% of the company’s stock.
Institutional Investment Trends
Recent trends among institutional investors also indicate confidence in Micron Technology. Several hedge funds have acquired or adjusted their positions in the company during the third quarter. Painted Porch Advisors LLC established a new position valued at about $77,000. Strategic Investment Solutions Inc. IL increased its stake by 77.3%, now holding 484 shares valued at approximately $81,000. Severin Investments LLC entered a new position worth $475,000, while Allworth Financial LP raised its holdings by 19.9%, acquiring an additional 5,155 shares to bring its total to 31,079 shares, valued at around $5.2 million. Lastly, IFP Advisors Inc. slightly increased its stake by 1.4%, now owning 16,159 shares worth about $2.7 million. Notably, approximately 80.84% of Micron’s stock is currently held by institutional investors.
About Micron Technology
Micron Technology, Inc., headquartered in Boise, Idaho, is a leading player in the global semiconductor industry. The company focuses on designing, developing, manufacturing, and selling memory and storage products. Micron operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. Its product offerings include dynamic random-access memory (DRAM) devices, non-volatile storage solutions, and memory technologies under the Micron and Crucial brands, as well as private labels.
As analysts continue to express optimism about Micron Technology’s future, the company appears well-positioned for growth in the increasingly competitive semiconductor market.
