Micron Technology, Inc. (MU)

Micron Technology Stock Forecast

Stock Price Forecast

The 24 analysts with 12-month price forecasts for Micron Technology stock have an average target of 137.33, with a low estimate of 98 and a high estimate of 250. The average target predicts an increase of 52.39% from the current stock price of 90.12.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$98	$137.33	$130	$250
Change	+8.74%	+52.39%	+44.25%	+177.41%

Analyst Ratings

The average analyst rating for MU stock from 25 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24
Strong Buy	10	10	11	11	11	9
Buy	14	14	14	14	14	14
Hold	1	1	1	1	1	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	25	25	26	26	26	25

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Tom O'Malley Barclays	Barclays	Buy Maintains $145 → $110	Buy	Maintains	$145 → $110	+22.06%	Dec 20, 2024
Harsh Kumar Piper Sandler	Piper Sandler	Buy Maintains $150 → $120	Buy	Maintains	$150 → $120	+33.16%	Dec 19, 2024
Joseph Moore Morgan Stanley	Morgan Stanley	Hold Maintains $114 → $98	Hold	Maintains	$114 → $98	+8.74%	Dec 19, 2024
Krish Sankar TD Cowen	TD Cowen	Strong Buy Maintains $135 → $125	Strong Buy	Maintains	$135 → $125	+38.70%	Dec 19, 2024
Harlan Sur JP Morgan	JP Morgan	Buy Maintains $180 → $145	Buy	Maintains	$180 → $145	+60.90%	Dec 19, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

39.18B

Increased by 56.03%

from 25.11B

Revenue Next Year

47.38B

Increased by 20.93%

from 39.18B

EPS This Year

9.03

Increased by 1,189.79%

from 0.70

EPS Next Year

13.40

Increased by 48.45%

from 9.03

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Sep 3, 2020	Sep 2, 2021	Sep 1, 2022	Aug 31, 2023	Aug 29, 2024	Aug 29, 2025	Aug 29, 2026	Aug 29, 2027
Revenue	21.44B	27.71B	30.76B	15.54B	25.11B	39.18B	47.38B	46.97B
Revenue Growth	-8.42%	29.25%	11.02%	-49.48%	61.59%	56.03%	20.93%	-0.87%
EPS	2.37	5.14	7.75	-5.34	0.70	9.03	13.40	11.18
EPS Growth	-56.97%	116.67%	50.78%	-	-	1,189.79%	48.45%	-16.58%
Forward PE	-	-	-	-	-	9.98	6.72	8.06
No. Analysts	-	-	-	-	-	42	37	14

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	43.0B	57.2B	52.6B
Avg	39.2B	47.4B	47.0B
Low	33.8B	37.7B	38.7B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	71.4%	46.1%	11.1%
Avg	56.0%	20.9%	-0.9%
Low	34.7%	-3.7%	-18.3%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	10.75	18.90	16.01
Avg	9.03	13.40	11.18
Low	7.04	8.20	3.46

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	1,436.0%	109.3%	19.5%
Avg	1,189.8%	48.4%	-16.6%
Low	905.2%	-9.1%	-74.2%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.