Micron Technology, Inc. (MU)
NASDAQ: MU · Real-Time Price · USD
98.84
-4.34 (-4.21%)
At close: Feb 21, 2025, 4:00 PM
98.88
+0.04 (0.04%)
After-hours: Feb 21, 2025, 7:59 PM EST
Micron Technology Stock Forecast
Stock Price Forecast
The 24 analysts with 12-month price forecasts for Micron Technology stock have an average target of 137.04, with a low estimate of 91 and a high estimate of 250. The average target predicts an increase of 38.65% from the current stock price of 98.84.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Micron Technology 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 | Sep '24 | Oct '24 | Nov '24 | Dec '24 | Jan '25 | Feb '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 11 | 11 | 11 | 10 | 9 | 9 |
| Buy | 14 | 14 | 14 | 15 | 14 | 14 |
| Hold | 1 | 1 | 1 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 26 | 26 | 26 | 27 | 25 | 25 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Hold Maintains $98 → $91 | Hold | Maintains | $98 → $91 | -7.93% | Jan 28, 2025 |
| Barclays | Barclays | Buy Maintains $145 → $110 | Buy | Maintains | $145 → $110 | +11.29% | Dec 20, 2024 |
| Piper Sandler | Piper Sandler | Buy Maintains $150 → $120 | Buy | Maintains | $150 → $120 | +21.41% | Dec 19, 2024 |
| Morgan Stanley | Morgan Stanley | Hold Maintains $114 → $98 | Hold | Maintains | $114 → $98 | -0.85% | Dec 19, 2024 |
| TD Cowen | TD Cowen | Strong Buy Maintains $135 → $125 | Strong Buy | Maintains | $135 → $125 | +26.47% | Dec 19, 2024 |
Financial Forecast
Revenue This Year
35.91B
from 25.11B
Increased by 43.00%
Revenue Next Year
44.89B
from 35.91B
Increased by 25.00%
EPS This Year
7.11
from 0.70
Increased by 916.17%
EPS Next Year
11.22
from 7.11
Increased by 57.69%
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 38.3B | 57.2B | 55.9B | ||
| Avg | 35.9B | 44.9B | 46.0B | ||
| Low | 30.5B | 29.7B | 38.9B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 52.7% | 59.4% | 24.6% | ||
| Avg | 43.0% | 25.0% | 2.4% | ||
| Low | 21.3% | -17.3% | -13.4% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 8.31 | 18.90 | 16.94 | ||
| Avg | 7.11 | 11.22 | 11.64 | ||
| Low | 5.50 | 6.25 | 7.46 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 1,086.5% | 165.7% | 51.0% | ||
| Avg | 916.2% | 57.7% | 3.7% | ||
| Low | 685.4% | -12.1% | -33.5% |
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.